972-379-9862
3710 Pine St, Texarkana, TX for Sale
Apartments - FOR SALE
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3710 Pine St
Texarkana, TX 75503


HIGHLIGHTS

  • Tax Adjusted 9.5% Cap Rate
  • All New Roofs - 2022
  • 17% Cash-on-Cash Averaged over 5 Years
  • Mid-90% - Historical Occupancy Over the Last Year
  • Within 1-Mile of Starbucks, Albertsons, Walmart, and Several other Retailers
  • Braven Environmental Announced they are Building a $145 Million Facility in Texarkana

OVERVIEW

Summary: The Multifamily Group is pleased to present the exclusive offering of the 3710 Pine Apartments, a unique, value-add opportunity in Texarkana, Texas. Built in 1971, the property comprises 22 units with an average size of 763 square feet, featuring a mix of one- and two-bedroom floorplans. Currently, the property maintains a 91% occupancy rate, with historical occupancy consistently in the mid-90% range. The 3710 Pine Apartments are being offered free and clear of existing debt. Value-Add: Expand Airbnb operations by converting additional units. Currently, three units are listed at $59/night with a three-night minimum stay. Property Location: 3710 Pines is just 1-mile from Texas High School (A-rated High School per Niche.com with 1,700+ students). They are located in the northern part of Texarkana situated just a mile from a variety of national restaurants and retailers, including Starbucks, Fuzzy’s Taco Shop, WingStop, Walmart Supercenter, Walgreens, and CVS. The property also benefits from close proximity to the intersections of major highways I-30, I-49, and US-59. This positioning allows Texarkana to act as a critical link between the Dallas-Fort Worth Metroplex to the west and Little Rock, Arkansas, to the east. Texarkana: Governor Greg Abbott announced that Braven Environmental, a waste-to-value company specializing in recycling waste plastics, will establish a $145 million advanced recycling facility in Texarkana, Texas. This initiative is the third project under the Texas Jobs, Energy, Technology, and Innovation (JETI) program and is expected to create significant capital investment for the area. Forbes recently recognized Texarkana as one of the Best Small Places for Business and Careers. Serving as a regional hub for education, healthcare, and employment, the city’s retail and services trade area spans 17 counties across three states. The local workforce is drawn from a 60-mile radius, ensuring a strong labor pool.

FOR SALE DETAILS

PRICE

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# OF UNITS

22

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3710 Pine

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

-

APN/PARCEL ID

20300010200

ASK ABOUT THIS PROPERTY

Chase DavisThe Multifamily GroupMore Info
972-379-9862

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Chase DavisThe Multifamily GroupMore Info
972-379-9862

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.