972-379-9862
4501 Summerhill Rd, Texarkana, TX for Sale
Apartments - FOR SALE
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4501 Summerhill Rd
Texarkana, TX 75503


HIGHLIGHTS

  • Assumable Fannie Mae Loan at 4.01% Interest Rate - 7 Years Left in the Term
  • High Visibility On Texas State Highway-93 (16,000+ VPD)
  • Majority 2-Bedroom Units
  • 60% of Units have Upgraded Appliances
  • Braven Environmental Announced they are Building a $145 Million Facility in Texarkana
  • Texarkana ISD has an A-Rating by Niche

OVERVIEW

Summary: The Multifamily Group is pleased to present the exclusive offering of Summerhill Woods, a unique, opportunity in Texarkana, Texas. Constructed in 1985, the property consists of 176 units averaging 734 square feet. The property offers a variety of floorplans with the majority being two-bedroom units. The property is currently 98% occupied with strong occupancy rates in the submarket at 94%. Summerhill Woods has an assumable Fannie Mae loan with approximately $9,500,000 remaining, a 4.01% interest, and 7 years remaining of the term (more details on pages 9-10). Property Location: Situated adjacent to Texas High School and nestled between Interstate-30 and TX State Highway 93, this location offers prime accessibility. Located two miles from Summerhill Woods, residents enjoy convenient access to 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 Interstate-30 and Interstate-49. 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

176

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summerhill Woods Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

500

LAND DETAILS

LAND ACRES

11.2 AC

LAND SF

487,872 SF

ZONING

MF-1

APN/PARCEL ID

03480001300

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.