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34328942
34328944

TBD Lionel Avenue, Texarkana, TX 75503 For Sale

BS
TX 0634498
TX Land & Legacy
Listed by TX Land & Legacy
$5,395,000
495 days on market
Updated 7 days ago

University Ave 33 Units New Construction!

Details
APN 30180003300 : 30180003200
Property Type Land, Multifamily
Sub Type Student Housing, Single Family Rental Portfolio (+1)
Square Footage 33,891
Net Rentable (SqFt) 33,891
Units 33
Cap Rate 6.07%
NOI $327,207
Occupancy 33%
Pro-Forma Cap Rate 6.07%
Pro-Forma NOI $327,207
Price per SqFt $169
Class A
Year Built 2026
Buildings 7
Acreage 2.400
Parking Spaces 66 spaces
Parking per 1,000 SqFt 1.95

Land | 2.4 acres

Marketing description

Brand new Complex Walking distance to the A&M University Texarkana campus. First Units Delivered March 2026! Construction is 100% complete. Currently going through Lease up phase. Great for an investor looking for a brand new construction property for minimal maintenance. Property can easily be geared towards student housing, or to the general public. All units are individually metered for water and Electricity. The University is in need of more student housing. Texas A&M University-Texarkana (TAMUT) Is one of the fastest growing campuses in the A&M system, it has experienced significant growth in recent years, including record enrollment and new academic partnerships. They just recently announced a brand new Sport Complex that is set to start construction in the near future, as well as a Brand new Business, Engineering & Technology building that is set to be complete in the Spring of 2026. With all this growth there is and will be more needs for General Staff and student housing close to campus. Within 5 minutes to all shopping, restaurants, & Healthcare. Come be apart of the growth! Rental rates have been proven and units are renting for $1475-1550 a month. Listed Income and expenses in take into account Taxes, Insurance, 10% Vacancy Rate, Maintenance, Trash, Grounds maintenance, Trash, and 8% Property Management fee.

Investment highlights

  • $/Lot SF :$56.05

Listing Contacts

BS
TX 0634498
TX Land & Legacy
Listed by TX Land & Legacy

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$327,207.00
$27,267.25/mo

Valuation Metrics

0
DSCR
6.07%
Cap Rate
6.07%
ROI

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Additional Information

Name
Bryson Swiggart
License
0634498
Brokerage
Tx Land & Legacy Realty
Title
Real Estate Agent & Owner
Brokerage Address
303 North 8th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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