2420 Linden Ave Texarkana, AR 71854
25-Unit Apartment Building, Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Well-maintained, value-add multifamily property in Texarkana, AR, currently 100% occupied with below-market rents.
- Significant rental upside potential: $125/unit increase achievable with minimal capital expenditures, plus operational improvements.
- Substantial ancillary income potential: $20,000 annual increase through implementing RUBS and standard fees (pet fees, application fees).
- Strong market fundamentals: Texarkana's robust industrial, manufacturing, medical, and educational sectors drive demand.
Property Details for 2420 Linden Ave
- Property type
- Apartment buildings
- Square Feet
- 15,300 SF
- Class
- C
- Year Built
- 1956
- Buildings
- 3
- Stories
- 2
- Lot Size (sq. ft)
- 53,579 SF
- Units
- 25
Location Insight
- City
- Texarkana
- County
- Miller
- State
- Arkansas
- Latitude
- 33.4461756
- Longitude
- -94.0301341
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 25-Unit Apartment Building, Value-Add Opportunity
- Where is the apartment building located?
- The property is located at 2420 Linden Ave Texarkana, AR.
- What are key features of this property?
- This property features: Well-maintained, value-add multifamily property in Texarkana, AR, currently 100% occupied with below-market rents.; Significant rental upside potential: $125/unit increase achievable with minimal capital expenditures, plus operational improvements.; Substantial ancillary income potential: $20,000 annual increase through implementing RUBS and standard fees (pet fees, application fees).
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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