Summerhill Woods

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.​

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  Assumable Fannie Mae Loan at 4.01% Interest Rate - 7 Years Left in the Term

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  High Visibility On Texas State Highway-93 (16,000+ VPD)

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  Majority 2-Bedroom Units

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  60% of Units have Upgraded Appliances

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  Braven Environmental Announced they are Building a $145 Million Facility in Texarkana

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  Texarkana ISD has an A-Rating by Niche

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  Right next to the Highly-Rated Texas High School

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  Proximate to Starbucks and Several Other National Retailers and Restaurants