2420 Linden Ave, Texarkana, AR 71854

Linden Court, located at 2420 Linden Ave, Texarkana, AR 71854, presents a compelling value-add opportunity in the thriving Texarkana multifamily market. This well-maintained apartment building, constructed in 1956, comprises three two-story buildings situated on a 1.23-acre lot. The property encompasses 15,300 square feet and features 25 units: 11 one-bedroom and 14 two-bedroom apartments. Currently boasting 100% occupancy due to below-market rents, this property offers significant upside potential. A new owner can readily increase annual income by approximately $15,000 through the implementation of RUBS (renter-paid utilities) and standard ancillary income streams such as pet fees and application fees. Further, an additional $125 per unit rent increase is achievable with minimal capital expenditures. The property benefits from strong market drivers, including a robust presence of industrial, manufacturing, medical, and educational institutions in Texarkana. This presents a rare chance to acquire a historically stabilized asset with substantial potential for increased net operating income (NOI) through both operational improvements and rent adjustments. The property's Class C designation reflects its current condition, offering a solid foundation for value enhancement.