901 W 7th Street
Texarkana, TX 75501
$590,000
5,994 sqft
Description
Value add multifamily opportunity with 17 existing units plus a 3 bedroom 2 bath managers unit. Approximately half of the units are currently leased, providing immediate income while leaving significant upside through lease up and repositioning. Opportunity to convert the managers unit into additional rentable units, increasing total unit count and overall cash flow. Remaining vacant units offer the ability to renovate, place new tenants and increase rental income. Once stabilized, the property has the potential to generate strong monthly income based on market rents in the area. Ideal for investors seeking a value add asset with both in place income and future growth. Conveniently located near downtown Texarkana with quick access to I-30, major employers, shopping and dining. Close proximity to local hospitals and employment centers supports consistent rental demand.
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| Highland Park Elementary School | PK - 5 | Regular |
| Texas High School | 9 - 12 | Regular |
| Texas Middle School | 6 - 8 | Regular |
| 3 Schools | ||
*All school information should be verified by local Independent School District.
* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.
The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.