2301 Arkansas Boulevard

Built in 1974, Beacon Point has 184 units and offers a variety of floorplans, with over half being two- and three-bedroom layouts. The property maintains an average occupancy of 87%, while the surrounding submarket boasts a strong 94% rate. An assumable loan is available, featuring a balance of approximately $6,800,000, a 3.64% interest rate, and seven years remaining on the term. The current owners have invested over $1.1 million in capital improvements—contact a TMG broker for further details.

Property Location:

Located less than two miles from Beacon Point, residents enjoy convenient access to a variety of national restaurants and retailers, including Starbucks, Fuzzy’s Taco Shop, WingStop, Walmart Supercenter, Walgreens, and CVS. The property also benefits from close proximity to Interstate-30 and Interstate-49.

Texarkana:

Governor Greg Abbott announced that Braven Environmental, a waste-to-value company specializing in recycling waste plastics, will establish a $145 million advanced recycling facility in Texarkana, Texas. This initiative is the third project under the Texas Jobs, Energy, Technology, and Innovation (JETI) program and is expected to create significant capital investment for the area.

Forbes recently recognized Texarkana as one of the Best Small Places for Business and Careers. Serving as a regional hub for education, healthcare, and employment, the city’s retail and services trade area spans 17 counties across three states. The local workforce is drawn from a 60-mile radius, ensuring a strong labor pool.

• Assumable Fannie Mae Loan Loan at 3.64% Interest Rate – 7 Years Left in the Term
• 78% Are 2–3 Bedroom Units – Up to 1,184 SF
• Over $1.1 Million Spent in Capital Expenditures
• All 3-Bedroom Units Have Washer and Dryer Connections
• 74 Units Have Upgraded Appliances
• Double Digit Cash-on-Cash by End of Year 1