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29868988
29868987

901 W 7th St, Texarkana, TX 75501 For Sale

GP
10491210949
$1,350,000
146 days on market
Updated 146 days ago
Opportunity zone

Sands Studios

Details
Property Type Multifamily
Sub Type Apartment Building
Units 19
Cap Rate 13.02%
NOI $175,738

Multifamily | 19 Units | $71,053/unit

Marketing description

The property will be delivered as a fully compliant multifamily building. At closing, it will include a fully code-compliant sprinkler system and be properly zoned by the town for multifamily use.

The seller can also introduce a DSCR lender willing to finance up to 75% of the purchase price. DSCR financing is based on the property’s income rather than the buyer’s personal income.

To qualify, the buyer must provide proof of funds of $350,000 and have a minimum credit score of 600.Qualified buyers will be able to acquire a cash-flowing multifamily asset with institutional financing in place.

The prices we are selling it at are starting points, not limits. Bring your best offer and terms. We value certainty of a close, over squeezing every dollar.

This is a solid, cash flowing asset. We respect speed and win/win deals that make sense for everyone involved. If it works for you, make an offer and we’ll respond with a yes, no, or counter:

17 rentable rooms with a newly remodeled managers apartment with 3 bedrooms and 2 bath. These 3 beds rooms has an option to be converted into the rentable rooms right away. The property benefits from its prime location, as it's situated near the thriving downtown area and is less than a mile to one of the Texarkana's biggest Hospital Wadley Medical Regional Center.

Listing Contacts

GP
10491210949

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$175,738.00
$14,644.83/mo

Valuation Metrics

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DSCR
13.02%
Cap Rate
13.02%
ROI

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