Multi-Family: MLS #24035356 Texarkana, AR $ 3,250,000
Multi-Family: MLS #24035356
$ 3,250,000
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Multi-Family: MLS #24035356

Texarkana, AR, 71854
$ 3,250,000
Baths0.0 Sq 49,145

Monthly Estimate*

$ 19,465

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Studio

Multi-Family Home for sale in Texarkana, AR

for $3,250,000. This 49,145 square foot home was built in 1980 on a lot size of 2.

“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.

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Multi-Family Active

Price

$ 3,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 25,000

Style

Traditional

Lot Size

2

Year Built

1980

Town/City

Texarkana

County/Region

Miller

MLS | Web ID

24035356

Features
General
Heating Central Cool-Electric Window Units Central Heat-Electric
Utilities Sewer-Public Water-Public Electric-Municipal
Roof Composition
Garage None
Zoning Multifamil
Year Built 1980
Tenant Pays Electric
Subdivision McArthur
Style Traditional
Stories One Story Two Story
County Miller
Class Multi-Family
Type Apartments
Inside City Limits Yes
Status Active
Docs on File Leases
Directions NWC E 24th Street and County Avenue
City Texarkana
DOM 43
Price Per Sq Ft Total AG 66.13
Public Remarks “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 build
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Exterior
Exterior Brick Frame Metal/Vinyl Siding
Road Surface Paved
Foundation Crawl Space Slab
Lot Size Area 2
Lot Dimensions 87120
Lot Level
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Interior
Floors Ceramic Partial Carpet Tile Vinyl Wood
Total Number of Units 65
1 Bed Units 25
2 Bed Units 40
3 Bed Units 0
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* Excluded Features
List By
Corey Allen

Listing Agent

Grea-Global Real Estate Advisors Branch

Broker

corey.allen@grea.com

Email

Affordability Calculator

$21,548
Per Month
90%
10%
0%
Monthly Principal & Interest
$19,465
Monthly Property Taxes
$2,083
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
886427 Elementary School
886671 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/24/2024$3,250,000 -7.14% Price Down
9/25/2024$3,500,000 Listed Price

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