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.