Pines at Richmond

SVN Oak Realty Advisors is pleased to present this Offering Memorandum for Pines at Richmond, a 60-unit multifamily property located at 1915 Richmond Road, Texarkana, TX. Built in 1983, the 64,152 SF property offers a compelling investment opportunity with a diverse unit mix and a range of amenities including a swimming pool, leasing office, and on-site management. The property has a Year 1 NOI of $348,600, with potential for increased returns through strategic rent adjustments, as current rents are below market compared to nearby similar properties.

Pines at Richmond benefits from its close proximity to several of Texarkana's largest employment hubs, including CHRISTUS St. Michael Health System (2,200 employees), Cooper Tire & Rubber Company (1,820 employees), and the Red River Army Depot (2,100 employees). The area also features strong educational anchors, such as Texas A&M University Texarkana and Texarkana College, along with the Texarkana Independent School District, which employs over 1,300 staff. These institutions create consistent demand from both permanent and transient renter populations, supporting year-round occupancy.

Texarkana's strategic location on the Texas-Arkansas border provides excellent access to major transportation routes including I-30 and Loop 151, while the Texarkana Regional Airport connects residents to Dallas/Fort Worth International Airport daily. Ongoing regional investment, a diverse economic base, and affordable housing costs position Texarkana as a resilient market with strong rental growth potential. Pines at Richmond is well-situated to benefit from these fundamentals, offering investors a stable asset with upside through operational improvements and market-aligned rent growth.