AR > Texarkana > Mcarthur
Texarkana, AR 71854,Address not disclosed
Texarkana, AR 71854,Address not disclosed
Texarkana, AR 71854,Address not disclosed
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$3,250,000
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49,145 SqFt
Price Dropped by $250K

Address not disclosed Texarkana, AR 71854

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Micah Ribbing

Micah Ribbing

+1(501) 218-5944

UPDATED:

10/31/2024 06:21 AM

Key Details

Property Type Multi-Family

Sub Type Apartments

Listing Status Active

Purchase Type For Sale

Square Footage 49,145 sqft

Price per Sqft $66

Subdivision Mcarthur

MLS Listing ID 24035356

Style Traditional

Year Built 1980

Annual Tax Amount $25,000

Lot Size 2.000 Acres

Acres 2.0

Property Description

“Texarkana-65” is a well-maintained, ideally located, multifamily property situated in the historic Glendale neighborhood, in Texarkana, Arkansas. The fully contiguous property consisting of 15 buildings is located at the highly trafficked intersection of County Avenue and 24th Street on the Arkansas side of the MSA, only four blocks from the Texas state line. The property sits on +/- 4.7 acres and is about five minutes from burgeoning downtown Texarkana. Comprised of 65 units in total, the property has a desirable unit mix consisting of 40 two-bedroom units and 25 one-bedroom/one bathroom units. With an idyllic park-like setting comprised of mature oak trees and beautifully restored homes, the property is primed for new ownership to perform a mid-level value-add repositioning (flooring, countertops, & appliances) and increase the below-market rents to competitive levels within the comp set.

Location

State AR

County Miller

Area Texarkana

Zoning Multifamil

Rooms

Kitchen Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays, Freezer

Interior

Heating Central Cool-Electric, Window Units, Central Heat-Electric

Flooring Ceramic, Partial Carpet, Tile, Vinyl, Wood

Equipment Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays, Freezer

Exterior

Garage None

Utilities Available Sewer-Public, Water-Public, Electric-Municipal

Roof Type Composition

Building

Lot Description Level

Foundation Crawl Space, Slab

New Construction No

Listed by GREA-Global Real Estate Advisors Branch • Corey F Allen

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Micah Ribbing

Agent | License ID: SA00096985

+1(501) 218-5944

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