Linden Court

For Sale

2420 Linden Avenue, Texarkana, AR 71854

This Texarkana property for sale is located at 2420 Linden Avenue. Contact the listing broker for details on the current sale price for Linden Court.

Contacts

broker
Zac Thomas

GREA

broker
Sam Hewitt

GREA

broker
Sean Scott

GREA

broker
Corey Allen

GREA

Property Details

  • Property Type Other
  • Units 25
  • Additional Rent Contact for pricing
  • Year Built 1956
  • Date Updated Dec 17, 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.

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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.

Getting around

  • 28/100

    Walk Score ®

  • 46/100

    Bike Score ®

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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.

Contact Linden Court