TBD Lionel Avenue

About this home

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.

Schools

Elementary

Pleasant Grove

Middle

Pleasant Grove

High

Pleasant Grove

School assignments per NTREIS. Confirm current attendance zones with the district before relying on them.

Property details

MLS #

20861984

Property Type

Multi-Family / Income

Status

For Sale

County

Bowie

Subdivision

Wright Ridge

Lot Size

2.40 acres

HOA Dues

None

Annual Taxes

$100,000

Days on Market

516 days

Listed

Mar 9, 2026

Price per Sqft

$159