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$ 590,000
Est. payment /mo
Active
901 W 7th ST Texarkana, TX 75501
5,994 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 5,994 sqft
Price per Sqft $98
Subdivision City Triggs Add
MLS Listing ID 21217900
HOA Y/N No
Year Built 1957
Annual Tax Amount $10,077
Lot Size 0.830 Acres
Acres 0.83
Property Sub-Type Hotel/Motel
Property Description
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.
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.
Location
State TX
County Bowie
Zoning Multifamily
Direction From I-30 take exit toward US-59 S State Line Ave. Continue south on State Line Ave then turn right onto W 7th St. Property is on the right at 901 W 7th St Texarkana TX.
Interior
Heating Other
Cooling Other
Flooring Other
Inclusions Building Only
Fireplace No
Exterior
Parking Features Asphalt, Parking Lot
Utilities Available Other
Roof Type Other
Building
Story 1
Foundation Other
Others
Tax ID 03840044001