๐Ÿ”ฅ HOT 20-Unit Apartment Deal โ€“ Texarkana, TX! ๐Ÿ”ฅ

Bowie County, Texarkana, TX, 75501
Sold
Listed at: September 19th, 2024
Price
$157,000
Sq. Footage
15496
Type
Multifamily
Parking
Unassigned
Year build
1980
Lot size
0.99 acres
Bedrooms
32
Bathrooms
20
Half Bathrooms
0
Summary

๐Ÿ”ฅ HOT 20-Unit Apartment Deal – Texarkana, TX! ๐Ÿ”ฅ

๐ŸขTexarkana, TX 75501 ๐Ÿข

Looking for your next BIG multi-family investment? ๐Ÿš€ This 20-Unit apartment complex is packed with potential and ready for you to capitalize on its value. Owner's Loss is YOUR Gain! ๐Ÿ’ธ Remodel the remaining units and rent to a list of waiting tenants!


Deal Highlights:

๐Ÿ’ฅ Price: $999,000
๐Ÿ’ฅ Down Payment: $137,000 (just 11% down!)+ 3% assignment fee ๐ŸŽฏ Total Entry Fee: $167,970
๐Ÿ’ฅ Seller Financing: $888k at just $5,306/month P&I (~4.7% blended interest rate!)
๐Ÿ’ฅ Cash-on-Cash Return: ~28.8% ๐Ÿคฏ


Property Details:

โœจ 20 Units Total:

  • 12 Units: 2 bed / 1 bath – 800 sq ft ๐Ÿ›๏ธ๐Ÿ›
  • 8 Units: 1 bed / 1 bath – 650 sq ft ๐Ÿ›๏ธ๐Ÿ›
    โœจ Lot Size: 43,212 sq ft ๐ŸŒณ
    โœจ Year Built: 1980 ๐Ÿ—๏ธ
    โœจ APN: 828 (Bowie County)

Current Status:

  • 8 of the 20 units are currently rented ๐Ÿ’ผ
  • 2 more units being cleaned and ready to rent soon ๐Ÿงผ
  • Masonry Construction ๐Ÿงฑ
  • Roof replaced in 2022 ๐Ÿ 
  • Tenants pay electricity (separately metered) ๐Ÿ”Œ
  • Owner covers water/sewer/trash ๐Ÿšฐ

Why This Deal?

โœ… Property management is in place and can be continued by the Buyer, or units can be self-managed.
โœ… The local housing department has tenants with vouchers in need of units in this area! ๐Ÿ”‘
โœ… Remodel the remaining units for even more income potential. ๐Ÿ’ฐ


Entry Fee:

๐Ÿ”‘ $137,000 down payment (only 11%) + 3% assignment fee
๐ŸŽฏ Total Entry Fee: $167,970


This is a MASSIVE opportunity for serious investors! ๐Ÿ’ฅ Reach out today to secure this amazing deal before it’s gone!


๐Ÿ“ž For Access & More Info:
Contact Jervon Thompson
๐Ÿ“ฑ Phone: 469-949-3363
๐Ÿ“ง Email: jervonthompson@gmail.com

Do Your Due Diligence & Let's Close This Deal! ๐Ÿ’ผ

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Jervon Thompson

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