3801 Magnolia St | Texarkana, TX 75503
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- LoopNet Team
3801 Magnolia St
Texarkana, TX 75503
Magnolia Gardens · Multifamily Property For Sale · 39 Units
Investment Highlights
- $1.2M+ Value-Add Upside – Interior Renovations, Water RUBS, and More
- 87% Occupied – Opportunity To Bring Up to Market Average of 99%
- Offered Free and Clear of Any Existing Debt
- Double-Digit Cash-on-Cash by Year 1
- Proximate to Several National Retailers and Restaurants
PROPERTY FACTS
| No. Units | 39 | Lot Size | 1.52 AC |
| Property Type | Multifamily | Building Size | 28,550 SF |
| Property Subtype | Apartment | Average Occupancy | 79% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1970 |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.52 AC |
| Building Size | 28,550 SF |
| Average Occupancy | 79% |
| No. Stories | 2 |
| Year Built | 1970 |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 650 |
| 2+1 | 21 | - | 750 |
| 3+2 | 2 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 20300001800 | Improvements Assessment | $1,816,685 |
| Land Assessment | $46,200 | Total Assessment | $1,862,885 |
PROPERTY TAXES
Parcel Number
20300001800
Land Assessment
$46,200
Improvements Assessment
$1,816,685
Total Assessment
$1,862,885
zoning
| Zoning Code | Commercial |
| Commercial |
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