901 W 7TH STREET, TEXARKANA, TX 75501
Homes for sale in Texarkana.
Homes for sale in 75501.
List Price$590,000
901 W 7th Street
Texarkana, TX 75501
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
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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.
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