Contacts
Zac Thomas
GREA
Sam Hewitt
GREA
Sean Scott
GREA
Corey Allen
GREA
Property Details
- Property Type Other
- Property Size 53,578.8 SF
- Units 25
- Additional Rent Contact for pricing
- Year Built 1956
- Date Updated Nov 4, 2024
Linden Court is a 25-unit value-add opportunity in Texarkana, Arkansas consisting of 11 one-bedroom units and 14 two-bedroom units constructed in 1956. The property has consistently remained 100% occupied due to the below market rents. A new buyer will have the opportunity to enter a low basis, historically stabilized, ‘light’ value add opportunity within the Texarkana multifamily market. An additional $15,000 per year of income upside exists simply through implementing both RUBS and market standard other incomes items to increase NOI.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- Well-Maintained, Value-Add Opportunity, with below market rents, currently 100% occupied.
- New buyer has the ability to increase rents $125 with minimal Cap-Ex, coupled with significant operational upside through improved management.
- Ability to Increase ancillary income $20,000 per year by implementing market-standard practices such as utility billback, pet fees & pet rent, app & admin fees, etc.
- Market drivers in Texarkana include industrial and manufacturing medical institutions, and educational campuses.
Attachments
Getting around
-
28/100
Walk Score ®
-
46/100
Bike Score ®
Location
- City Texarkana, AR
- Zip Code 71854
Points of Interest
-
Texarkana
1.94 miles
-
Shell
0.70 miles
-
Murphy USA
1.10 miles
-
Raceway
1.44 miles
-
Valero
1.98 miles
-
Road Runner
2.54 miles
-
Flying J
6.60 miles
-
Executive Inn
1.08 miles
-
Scottish Inns & Suites
1.34 miles
-
Americas Best Value Inn & Suites Texarkana
1.47 miles
-
Shamrock Motel
1.49 miles
-
Country Host Inn
1.60 miles
-
Ambassador Inn
1.70 miles
-
Super 8
1.82 miles
-
Holiday Inn Express & Suites
1.82 miles
-
Best Western Plus
1.86 miles
-
Hampton
1.87 miles
-
Walmart Supercenter
1.25 miles
-
Cash Saver Food Stores
1.98 miles
-
Landmark Grocery
3.12 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.