3615 Hazel Street, Unit 3601

Texarkana, TX 75503

$1,650,000
Price
42
Beds
25,086 Sq. Ft.
$66 / Sq. Ft.
25,086
Sq. Ft.
$66
per Sq. Ft.

Description

Northgate Square in Texarkana is a a great investment to add to your portfolio! 100% occupied! This 16-unit multifamily complex consists of 8 well-maintained duplexes, each offering covered parking, providing both convenience and added value for tenants. The property features a mix of 2-bedroom and 3-bedroom units, catering to a wide range of tenant preferences. This diversity enhances your rental income potential and ensures a steady stream of occupancy. The current owner has taken great strides...Northgate Square in Texarkana is a a great investment to add to your portfolio! 100% occupied! This 16-unit multifamily complex consists of 8 well-maintained duplexes, each offering covered parking, providing both convenience and added value for tenants. The property features a mix of 2-bedroom and 3-bedroom units, catering to a wide range of tenant preferences. This diversity enhances your rental income potential and ensures a steady stream of occupancy. The current owner has taken great strides to enhance the property’s overall appeal and value. Major improvements include multiple new roofs, total remodels of units as they became vacant, and the installation of multiple new HVAC systems. The seller invested alot of time and effort into getting the property to where it is, they have consistently been bumping rents to bring to market rates, and remodeling units as needed. Still room for more value add with the right ownership and plan in place!

Listing Agent

  1. Bryson Swiggart

    Bryson Swiggart

    Listing Agent

    Compass

    TREC #0634498

Property Details for 3615 Hazel Street, Unit 3601

Subdivision Name
Rochelle Heights
Pool
No
Garage Spaces
0
Number Of Parking Spaces
32
LISTING UPDATED: 09/24/2024 11:39 AM

Property Details for 3615 Hazel Street, Unit 3601

StatusActive
MLS #20714858
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Apartment/5Plex+
Year Built1976
Lot Size2.05 AC / 89,298 SF
CountyBowie County

Building Information for 3615 Hazel Street, Unit 3601

Stories-Residences16Year Built1976Building Size-Lot Size2.05 AC / 89,298 SF

Property Information for 3615 Hazel Street, Unit 3601

Summary
Location and General Information
  • Block: 7
  • Complex Name: Northgate Square
  • Directions: See maps.
  • Elementary School: Springlkpk
  • Elementary School Name: Springlkpk
  • High School: Texas
  • High School Name: Texas
  • Intermediate School: Dunbar
  • Middle School: Texas
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Texarkana ISD
  • Geocode Confidence: High
  • Latitude: 33.45
  • Longitude: -94.05
  • State: Texas
Parking
  • Parking Features: Assigned, Attached Carport, Concrete, Covered, Detached Carport, Outside, Shared Driveway
  • Attached Garage: No
  • Parking Spaces Covered Total: 22
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: ROCHELLE HEIGHTS NORTHGATE SQUARE S17.5 PUBLI
  • Association Type: None
  • Special Taxing Entities: No
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplace Features: Living Room
  • Flooring: Varies
  • Heating: Central, Fireplace(s)
  • Interior Features: Other
  • Appliances: Other
  • Basement: No
  • Cooling: Central Air
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Owner
  • Construction Materials: Brick, Siding, Wood
  • Foundation Details: Slab
  • Roof: Composition, Flat, Mixed, Shingle
  • Waterfront: No
  • Horse Permitted: No
  • Number Of Units Total: 16
  • Levels: Multi/Split
Property
Utilities
  • Utilities: City Sewer, City Water, Curbs, Electricity Available, Electricity Connected, Individual Gas Meter
Property and Assessments
  • Accessory Unit: No
  • Exclusions: Tenants possessions
  • Financing Proposed: 1031 Exchange, Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Unknown
  • Property Match: APN
Lot Information
  • Lot Features: Cleared, Corner Lot, Few Trees, Interior Lot, Level
  • Lot Size: 1 to < 3 Acres
  • Lot Size Acres: 2.05
  • Lot Size Area: 2.05
  • Lot Size Source: Public Records
  • Lot Size Units: Acres
  • Lot Size Square Feet: 89298.0
  • Multi Parcel ID: No
  • Parcel Number: 20300003700
Multi Family
Multi-Family Information
  • Number Of Buildings: 8
  • Capitalization Rate: 7.97%
  • Gross Annual Expenses: $59,571
  • Gross Annual Income: $191,112
  • Insurance Expense: $9,576
  • Tenancy: Other
  • Total Annual Expenses Include: Insurance, Maintenance, Maintenance Grounds
  • Net Operation Income: $131,541.00
Unit 1
  • Approximate SQFT: 1491.0
  • Average Lease Amount: $940.00
  • Living Area Length: 0.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 6
Unit 2
  • Approximate SQFT: 1760.0
  • Average Lease Amount: $1,040.00
  • Living Area Length: 0.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 6
Unit 3
  • Approximate SQFT: 1395.0
  • Average Lease Amount: $1,010.00
  • Living Area Length: 0.0
  • Number Of Baths Full: 2
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 4

Property History for 3615 Hazel Street, Unit 3601

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3615 Hazel Street, Unit 3601

This home is within Texarkana Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Spring Lake Park Elementary School
PublicPK to 5

Texas Middle School
Public6 to 8

Texas High School
Public9 to 12

Options
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

3615 Hazel Street, Unit 3601 is a multi-family home for sale in Texarkana, TX 75503. This property was listed for sale on August 28, 2024 by Compass, it's currently listed at $1,650,000. This listing's school district is Texarkana Independent School District. Nearby schools include Spring Lake Park Elementary School, Texas Middle School and Texas High School. 3615 Hazel Street, Unit 3601 is a 42-bed, 0-bath, 25,086 sqft multi-family home built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 09/24/2024 11:39 AM