3615-3601 Hazel St, Texarkana, TX 75503
16 Unit Apartment Building | $1,650,000 ($103,125/Unit) | 7.97% Cap Rate | Texarkana, TX 75503
For Sale
Active
Asking Price $1,650,000
- Property Type
-
Multifamily
- Square Feet
- 25,086 SF
Listing Contacts
Bryson Swiggart
Property Overview
Northgate Square in Texarkana is a great investment to ad to your portfolio! 100% occupied! This 16-Unit multifamily complex consists of 8 well-maintained duplexes, each offering covered parking, providing both convenience and added value for tenants. 12 out of the 16 units have been remodeled. The property features a mix of 2-bedroom and 3-bedroom units, catering to a wide range of tenant preferences. This diversity enhances your rental income potential and ensures a steady stream of occupancy. The current owner has taken great strides to enhance the property's overall appeal and value. Major improvements include multiple new roofs, total remodels of units as they became vacant, and the installation of multiple new HVAC systems. The seller invested a lot of time and effort into getting the property to where it is, they have consistently been bumping rents to bring to market rates, and remodeling units as needed. Still room for more value add with the right ownership and plan in place!
Property Details
- Class
- C
- Year Built
- 1976
- Stories
- 1
- Property Subtype
- Office/Residential, Dormitory
- Lot Size (sq. ft)
- 85,378 SF
- Units
- 16
Highlights
- Well Maintained Duplexes
- Mix 2 bdrm and 3 bdrm units
- Currently 100% occupied!
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