$1,650,000
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42 Beds
2.05 Acres Lot
SOLD DATE : 11/07/2024
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Rochelle Heights
MLS Listing ID 20714858
Sold Date 11/07/24
Bedrooms 42
HOA Y/N None
Total Fin. Sqft 25086
Year Built 1976
Annual Tax Amount $22,258
Lot Size 2.050 Acres
Acres 2.05
Property Description
Northgate Square in Texarkana is a a great investment to add to your portfolio! 100% occupied! This 16-unit multifamily complex consists of 8 well-maintained duplexes, each offering covered parking, providing both convenience and added value for tenants. The property features a mix of 2-bedroom and 3-bedroom units, catering to a wide range of tenant preferences. This diversity enhances your rental income potential and ensures a steady stream of occupancy. The current owner has taken great strides to enhance the property’s overall appeal and value. Major improvements include multiple new roofs, total remodels of units as they became vacant, and the installation of multiple new HVAC systems. The seller invested alot of time and effort into getting the property to where it is, they have consistently been bumping rents to bring to market rates, and remodeling units as needed. Still room for more value add with the right ownership and plan in place!
Location
State TX
County Bowie
Direction See maps.
Interior
Interior Features Other
Heating Central, Fireplace(s)
Cooling Central Air
Flooring Varies
Fireplaces Type Living Room
Appliance Other
Heat Source Central, Fireplace(s)
Exterior
Utilities Available City Sewer, City Water, Curbs, Electricity Available, Electricity Connected, Individual Gas Meter
Roof Type Composition,Flat,Mixed,Shingle
Total Parking Spaces 22
Garage No
Building
Lot Description Cleared, Corner Lot, Few Trees, Interior Lot, Level
Story Multi/Split
Foundation Slab
Level or Stories Multi/Split
Structure Type Brick,Siding,Wood
Schools
Elementary Schools Springlkpk
Middle Schools Texas
High Schools Texas
School District Texarkana Isd
Others
Ownership see taxes
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Financing Conventional
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Bought with Non-Mls Member • NON MLS