901 W 7TH STREET, TEXARKANA, TX 75501

Homes for sale in Texarkana.

Homes for sale in 75501.


Active

List Price$590,000

901 W 7th Street

Texarkana, TX 75501

Listing Image Listing Image Listing Image Listing Image

Listing #21217900

5,994

Square Feet

17

Number of Units

Commercial

Type

About This Property

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.

Property Features

Location Information

County

Bowie

Subdivision

City Triggs Add

Interior Features

Has Fireplace

No

Floors

Other

Heating

Other

Tenant Pays

Other

Cooling

Other

Total Number of Units

17

Exterior Features

Construction

Other

Lot Size in Sq. Ft.

36,154

Foundation

Other

Possible Best Use

Other

Roof

Other

Zoning

Multifamily

Utilities

Other

Building Total Area (Sq. Ft.)

5,994

Parking Description

Asphalt, Parking Lot

Is One Story

No

Lot Size in Acres

0.83

Additional Information

Year Built Details

Unknown

Status

Active

Property Type

COM

Tax Annual Amount

10077.0

Property SubType

Hotel/Motel

Lot Acres Source

Public Records

Year Built

1957

Similar Listings

Mortgage Calculator

$2,754

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,126

Monthly Tax

$491

Monthly Insurance

$137

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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