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.