Oak Creek
901 E Lion Dr
New Boston, TX 75570
Highlights
- - $240+ below market rent comps
- - Interstate-30 access to Texarkana MSA
Description
The Go-Getters Multifamily Team is pleased to announce the exclusive listing of the Oak Creek Apartments in New Boston, TX. Each of the 20 units are 750 square feet and 2-beds/1-bath. The average of the current collected rents are ~$510/unit while rental comparables for 2-bed units in New Boston range from $750/month to $925/month. This asset is the ideal investment opportunity for the value-add buyer looking to make cosmetic upgrades and capitalize on up to $240+ rental increases.
New Boston, an East Texas city just 20 miles west of Texarkana along Interstate-30, offers direct commutes to major cities like Dallas (~150 miles) and Texarkana (~19 miles). It borders the West Campus of the TexAmericas Center Industrial Park. TexAmericas' tenants saw an 81% job increase in 2023. Top New Boston employers include Red River Army Depot, Cooper Tire & Rubber, and CHRISTUS St. Michael Health System. The Oak Creek Apartments in New Boston are conveniently located just minutes from the local high school and grocery stores.
Documents
Execute Buildout CAOakcreek_Offering_Memorandum - pdf version.pdf
