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Mike Bowman

[email protected] +1(817) 328-2342

$5,395,000

Est. payment - /mo

2 Beds

3 Baths

33,891 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Square Footage 33,891 sqft

Subdivision Wright Ridge

MLS Listing ID 20861984

Bedrooms 2

Full Baths 2

Half Baths 1

HOA Y/N None

Total Fin. Sqft 33891

Year Built 2026

Annual Tax Amount $100,000

Lot Size 2.400 Acres

Acres 2.4

Property Sub-Type Multiple Single Units

Property 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. As of August 7th 20 units have been leased out and property is at a 61% Occupancy Rating, Management is consistently leasing units every week.

Location

State TX

County Bowie

Direction From Highway 30, Head North on Richmond Rd. Take a right onto University Ave. Property will be at the corner of University Ave and Lionel Ave.

Interior

Interior Features Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan, Walk-In Closet(s), Second Primary Bedroom

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Laminate

Appliance Disposal, Dryer, Electric Range, Microwave

Heat Source Central, Electric

Exterior

Fence Partial

Utilities Available City Sewer, City Water, Community Mailbox, Concrete, Curbs, Electricity Available, Electricity Connected, Underground Utilities

Roof Type Composition,Shingle

Garage No

Building

Lot Description Acreage, Cleared, Corner Lot

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick,Siding,Wood

Schools

Elementary Schools Pleasant Grove

Middle Schools Pleasant Grove

High Schools Pleasant Grove

School District Pleasant Grove Isd

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Bryson Swiggart • Tx Land & Legacy Realty, LLC

Nearby School & Business

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Mike Bowman

+1(817) 328-2342

Broker License ID: 0273938

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TBD Lionel Avenue Texarkana, TX 75503

Mike Bowman

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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