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Executive Summary
Great Investment Opportunity!
Cash on Cash Returns 20%
20 Units Apartment Complex
511 Blake St
Texarkana, TX 75501
1
Table of Contents
Page
Contents Investment Opportunity ...................................................................................................................... 2
Property Description ........................................................................................................................... 3
Income and Expenses ......................................................................................................................... 4
Property Highlights ............................................................................................................................. 5
Pictures ............................................................................................................................................... 6
Confidentiality .................................................................................................................................. 13
Disclaimer ......................................................................................................................................... 13
Contact Information .......................................................................................................................... 13
2
Investment Opportunity
Asking Price: $639,900
Building Class: C
Location Class: C
Investment Benefits
▪ Great Investment Opportunity
▪ Texarkana is one of the hot Real Estate markets in TX
▪ Texarkana is the home for Texas A&M University – 13 min drive from the property
▪ Great location, just 20 min drive from top employer Red River Army Depot (Military Base)
▪ Cash on Cash on Actuals 20%
▪ Cap Rate on Actuals: 10%
▪
▪
▪
▪
▪
100% Occupancy
Rent Increase Upside
Highly Visible Property, just off of
I-30 and I-369
Value Add: Additional Revenue can be created by placing Onsite Coin Laundry Other Top Employers: CSM
Healthcare, Cooper Tire & Rubber
Company, Domtar, Walmart,
International Paper,
Southern Refrigerated Transport
Opportunity: Excellent opportunity for an investor to get on board with a stable
property which offers a significant upside with rent increases.
Status: Under contract by Applesway Investment Group, LLC. New Buyer will be
assigned the contract to close.
This Property is offered for sale to qualified Buyers.
Proof of funds is required with all offers.
3
Property Description
Unit Mix:
Type # of Units Current Rent Market Rent
2 Bed/1 Bath 12 Ave $490 $575
1 Bed/1 Bath 8 Ave $430 $500
Number of Units: 20
Electric: Individually Metered
Roof: Pitched
Construction: Brick Exterior
Current Occupancy: 100%
Building Square Footage: 15,496
4
Income and Expenses
Income Actuals
Monthly Potential Income $9,350
Gross Scheduled Income $109,980
Less Expenses ($46,002
Net Operating Income $63,978
5
Property Highlights
▪ Great investment property in Texarkana, TX which is the home for Red River
Army Depot (Military Base) which is the top employer – 20 min drive
▪ Texarkana is the home for Texas A&M University – 13 min drive property
▪ Texarkana College – 3 min drive
▪ Texarkana is one of the hot Real Estate markets in TX
▪ Stable occupancy with opportunity for rent increases and further value creation
▪ Rental Increase Upside
▪ Minutes away from Mall, Restaurants, Walmart, and Shopping Centers
▪ Value Add: Additional Revenue can be created by placing Onsite Coin
Laundry
▪ Individually metered – residents pay for electricity
▪ Just off of I-30 and I-369 allowing tenants easy access to employment, shopping
and entertainment
▪ 2.5 hour drive from Dallas
▪ Property has beautiful curb appeal with trees and well maintained lawns
▪ 15 min drive from Texarkana Regional Airport
▪ Other Top Employers: CSM Healthcare, Cooper Tire & Rubber Company,
Domtar, Walmart, International Paper, Southern Refrigerated Transport
6
Pictures
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Confidentiality
It is acknowledged by reader that information furnished in this Executive Summary is in
all respects confidential in nature, other than information which is in the public domain
through other means and that any disclosure or use of same by reader, may cause
serious damage; therefore, reader agrees not to disclose it without the express written
permission of Applesway Investment Group, LLC.
Disclaimer
Applesway Investment Group, LLC has prepared this Executive Summary, which
contains brief, selected information pertaining to the business and affairs of the
property. The information contained herein does not purport to be all inclusive nor does
it purport to contain all of the information representative of the property. Applesway
Investment Group, LLC nor any of its respective partners, officers, employees or agents
makes any representation or warranty, expressed or implied, as to the accuracy or
completeness of the information contained herein or otherwise expressed and conveyed
and no legal liability is assumed or shall be implied with respect hereto.
Such information and statements have in many circumstances been obtained from
outside sources, have not been tested or verified and may be subject to errors or
omissions. Projections, especially, are based on various assumptions and subjective
determinations as to which no guaranty or assurance is given.
Potential investors are recommended and urged to perform their own examination and
investigation and not to rely on the information contained within this document or other
materials otherwise provided.
Contact Information
Please contact me at the phone number or email address listed below if you are an
interested party, or if you require further information.
Jay Rao: 972.365.9928
Applesway Investment Group, LLC
or email: