Linden Court

Texarkana, AR

Info For Buyers

Overview

Summary

Price Market
Address 2420 Linden Ave, Texarkana, AR 71854
# Units 25
Rentable SF 15,300 SF
Year Built 1956

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.

Key Facts

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.