| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 36th | Fair |
| Demographics | 38th | Fair |
| Amenities | 21st | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1304 W Avenue A, Hooks, TX, 75561, US |
| Region / Metro | Hooks |
| Year of Construction | 1985 |
| Units | 41 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1304 W Avenue A Hooks Multifamily Investment Opportunity
Positioned in the Texarkana metros rural Hooks submarket, this 1985-vintage, small-unit asset lends itself to value-add and operations-focused strategies amid neighborhood occupancy that trails metro norms, according to WDSuites CRE market data.
Hooks sits within the Texarkana, TX-AR metro and is classified as a rural neighborhood with a B rating. Neighborhood occupancy is 79.4% (ranked 53 out of 76), placing it below the metro median; investors should underwrite to conservative lease-up and renewal assumptions and lean on property-level differentiation to support occupancy.
Renter-occupied housing accounts for 28.3% of units in the neighborhood (ranked 24 of 76), which is competitive among Texarkana neighborhoods. This renter concentration indicates a defined tenant base for multifamily, though the depth is thinner than in urban submarkets. Median contract rents in the neighborhood benchmark toward the lower end of the metro, supporting retention and providing room for value-added improvements to compete on quality rather than price alone.
Amenity access is mixed: grocery presence ranks 7 of 76 (strong within the metro), while parks, cafes, and childcare are sparse. Average school ratings trend around the national middle, which can help sustain family-oriented demand compared with lower-performing areas. Home values are relatively low for the region, an ownership landscape that can introduce competition for renters; positioning the asset with upgraded finishes and reliable management can help maintain leasing velocity and reduce turnover.
Demographics within a 3-mile radius show declines in population and households over the past five years, with projections indicating further contraction. For investors, this argues for prudent rent-growth assumptions, active marketing to expand the tenant capture area, and asset upgrades targeted to widen appeal. Even with softer growth, a moderate rent-to-income profile locally supports lease retention when operators focus on value and service.
Comparable, neighborhood-level safety metrics were not available in the provided dataset for this location. Investors typically benchmark property-level incident trends against metro and national sources and review recent municipal reports to gauge trajectory and inform underwriting and security planning.
This 41-unit property, built in 1985, is older than the neighborhoods average construction year and therefore a candidate for targeted capital improvements. Small average unit sizes support an attainable rent position, and neighborhood renter concentration is competitive within the Texarkana metro, providing a defined tenant base. However, neighborhood occupancy runs below the metro median and 3-mile demographics point to contraction, suggesting investors should emphasize value-add execution, resident services, and disciplined leasing to support stabilization.
According to CRE market data from WDSuite, neighborhood rents and home values position the area as a lower-cost housing market relative to national norms, which can aid retention but also invites competition from ownership. The investment case centers on operational excellence and selective renovations to capture achievable premiums while managing exposure to softer demand trends.
- Value-add upside: 1985 vintage with small units supports targeted renovations and operational improvements.
- Defined renter base: renter-occupied share is competitive among Texarkana neighborhoods, aiding leasing depth.
- Attainable positioning: lower local rents/home values can support retention when paired with service and maintenance.
- Risk below-metro neighborhood occupancy and shrinking 3-mile population warrant conservative underwriting and active leasing strategies.