THE OPPORTUNITY
New Heights is a 75-unit, Class A property built in 2021 consisting of the same three-bedroom, two-bathroom with attached two-car garage floor plans across all units. Each unit is equipped with custom cabinets, black appliances, granite countertops and crown molding in all rooms. A new owner can add value by providing private yards and building an onsite office to free up one non-revenue unit currently used as a leasing office.
THE LOCATION
New Heights is a “build-to-rent” community in the growth corridor of Texarkana, TX. It sits directly off three major highways to get in and out of town to Houston, Dallas, and also across state lines to Arkansas and Louisiana via US Highway 82, Interstate 30 and Interstate 369. The Property is also near Texarkana’s restaurant row and several grocers and retail shopping.
THE DEBT
The Property is being offered free and clear of existing debt. Please contact Greysteel’s Debt and Structured Finance team to discuss the most efficient financing execution.