Tbd Lionel Avenue, Texarkana, TX

$5,395,000

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2

Beds

2.1

Baths

33,891

Square feet

2.40

Acres

About Tbd Lionel Avenue

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.

Features of Tbd Lionel Avenue

MLS® # 20861984
Price $5,395,000
Bedrooms 2
Bathrooms 2.10
Full Baths 2
Half Baths 1
Square Footage 33,891
Acres 2.40
Year Built 2026
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address Tbd Lionel Avenue
Subdivision Wright Ridge
City Texarkana
County Bowie
State TX
Zip Code 75503

Amenities

Utilities City Sewer, City Water, Community Mailbox, Concrete, Curbs, Electricity Available, Electricity Connected, Underground Utilities
Parking Spaces 66
Garages Assigned, Concrete, Driveway
Is Waterfront No
Has Pool No

Interior

Interior Features Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan, Second Primary Bedroom, Walk-In Closet(s)
Heating Central, Electric
Fireplace No

Exterior

Lot Description Acreage, Cleared, Corner Lot
Roof Composition, Shingle
Construction Brick, Siding, Wood
Foundation Slab

School Information

District Pleasant Grove ISD
Elementary Pleasant Grove
Middle Pleasant Grove
High Pleasant Grove

Listing Details

AgentBryson Swiggart
OfficeTx Land & Legacy Realty, LLC

Listing Map

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