Contacts
Zac Thomas
GREA
(479) 388-0947
Sam Hewitt
GREA
(479) 301-5267
Sean Scott
GREA
(972) 996-6233
Corey Allen
GREA
(479) 231-7833
Property Details
- Property Type Other
- Property Size 53,578.8 SF
- Units 25
- Year Built 1956
- Date Updated May 11, 2024
- Website lindencourt.sharplaunch.com
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.
Attachments
Getting around
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28/100
Walk Score ®
-
46/100
Bike Score ®
Location
- City Texarkana, AR
- Neighborhood Texarkana
- Zip Code 71854
Points of Interest
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Texarkana
1.94 miles
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Exxon
0.74 miles
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Murphy USA
1.10 miles
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Raceway
1.44 miles
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Shell
1.59 miles
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Shell
1.90 miles
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Valero
1.98 miles
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Exxon
2.00 miles
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Valero
2.13 miles
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E-Z Mart
2.22 miles
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Shell
2.52 miles
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Executive Inn
1.08 miles
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Scottish Inns & Suites
1.34 miles
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Americas Best Value Inn & Suites Texarkana
1.47 miles
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Shamrock Motel
1.49 miles
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Motel 6
1.51 miles
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Country Host Inn
1.60 miles
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Ambassador Inn
1.70 miles
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Super 8
1.82 miles
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Holiday Inn Express & Suites
1.82 miles
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Best Western Plus
1.86 miles
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Albertsons
1.13 miles
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Walmart Supercenter
1.25 miles
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Cash Saver Food Stores
1.98 miles
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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.