- For Sale Contact for pricing
- Property Type Other
- Property Size 53,578.8 SF
- Units 25
- Year Built 1956
- Date Updated Apr 26, 2024
- Website lindencourt.sharplaunch.com
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.
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Attachments
Highlights
- 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.
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Contacts
Zac Thomas
GREA
(479) 388-0947
Sam Hewitt
GREA
(479) 301-5267
Sean Scott
GREA
(972) 996-6233
Corey Allen
GREA
(479) 231-7833
Location
Getting Around
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Walk Score ®
Car-Dependent (28) -
Bike Score ®
Somewhat Bikeable (46)
- City Texarkana, AR
- Neighborhood Texarkana
- Zip Code 71854
Points of Interest
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Texarkana
1.94 miles
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Exxon
0.74 miles
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Murphy USA
1.10 miles
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Raceway
1.44 miles
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Shell
1.59 miles
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Shell
1.90 miles
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Valero
1.98 miles
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Exxon
2.00 miles
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Valero
2.13 miles
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E-Z Mart
2.22 miles
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Shell
2.52 miles
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Reggie's Burgers
0.87 miles
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Lee's Chinese
1.10 miles
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Slim Chickens
1.11 miles
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Pizza Hut
1.14 miles
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China Inn
1.15 miles
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Schlotzsky's
1.17 miles
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Sue N' Carol's Kitchen
1.18 miles
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Long John Silver's
1.19 miles
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KFC
1.31 miles
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Cattleman's Steak House
1.36 miles
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Fairview Elementary School
0.59 miles
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Vera Kilpatrick Elementary School
0.68 miles
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Arkansas High School
0.72 miles
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North Heights School
0.83 miles
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North Heights Junior High School
0.85 miles
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Daniels School
1.16 miles
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Orr School
1.31 miles
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Booker T Washington High School
1.35 miles
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Saint Edwards School
1.42 miles
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Edward D Trice Elementary School
1.46 miles