901 Lion DrNew Boston, TX 75570

For Sale
$900,000
20-unit apartment complex, high rental upside

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional 20-unit apartment complex, Oak Creek Apartments, presents a compelling value-add investment opportunity in New Boston, Texas. The property comprises six two-story buildings totaling 15,000 net rentable square feet, constructed in 1940. Each of the 20 units offers 750 square feet of living space, featuring two bedrooms and one bathroom. Currently, the average collected rent is approximately $510 per unit

Highlights

  • Below-market rents, $240+ below comparable properties.
  • Excellent Interstate 30 access in the Texarkana MSA.

Property Details for 901 Lion Dr

Property type
Apartment buildings
Year Built
1940
Buildings
6
Stories
2
Units
20

Location Insight

City
New Boston
County
Bowie
State
Texas
Latitude
33.456448471489
Longitude
-94.41068964683
901 Lion Dr, New Boston, Texas

FAQs

What type of property is this?
Apartment building - 20-unit apartment complex, high rental upside
Where is the apartment building located?
The property is located at 901 Lion Dr New Boston, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Below-market rents, $240+ below comparable properties.; Excellent Interstate 30 access in the Texarkana MSA.;
How can I contact the broker?
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901 Lion Dr
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