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1410 Richmond Rd
Texarkana, TX 75503
Ridgewood Apartments · Multifamily Property For Sale
·
60 Units
Investment Highlights
- $2.1+ Million Value-Add Upside – Bring 14 Down Units Back Online, Increase Rents to Market Rates, Renovate Interiors, and More
- Double-Digit Cash-on-Cash by the End of Year 2
- $50 Proven Rent Premiums for Renovated Units
- 60% Occupied – Opportunity To Bring Up to Market Average of 98%
- Proximate to Texarkana College and Texarkana Independent School District
- Offered Free and Clear of Any Existing Debt
Property Facts
| No. Units | 60 | Lot Size | 2.50 AC |
| Property Type | Multifamily | Building Size | 48,187 SF |
| Property Subtype | Apartment | Average Occupancy | 98% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built | 1972 |
| Zoning | MF-1 | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.50 AC |
| Building Size | 48,187 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | MF-1 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 43 | - | 715 |
| 2+2 | 17 | - | 1,026 |
Property Taxes
| Parcel Number | 06600002900 | Improvements Assessment | $1,188,330 |
| Land Assessment | $136,670 | Total Assessment | $1,325,000 |
Property Taxes
Parcel Number
06600002900
Land Assessment
$136,670
Improvements Assessment
$1,188,330
Total Assessment
$1,325,000
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