Home for Sale at 1200 N FOURTH ST, Longview, TX 75601
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Price: $7,488,000
1200 N FOURTH ST
Longview, TX 75601
County: Gregg
Type: Apts, Studio
MapHouse View
- Schools
- Parks & Playgrounds
- Restaurants & Dining
- Coffee Shop


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Property Description:
2 APARTMENT COMPLEXES WITH A TOTAL OF 160 UNITS, DRIFTWOOD APARTMENTS (100% OCCUPIED) AND SPRING CREEK APARTMENTS (100% OF AVAILABLE UNITS OCCUPIED) CURRENTLY REMODELING AND HAVE 15-17 LEFT TO REHAB. ALL NEW WINDOWS IN SPRING CREEK, TOTAL INCOME FOR BOTH COMPLEXES FOR 2019 WAS $711,962.00. PRICED TOGETHER FOR NOW , WOULD POSSIBLY CONSIDER SPLITTING 2 PROPERTIES. ONE HAS INGROUND POOL AND COURTYARD AND SOME TENANTS FOR OVER 20 YEARS. LOTS OF ROOM TO INCREASE RENTS AND POTENTIAL YEARLY AT MARKET RENT WOULD BE $90,530.00 WHEN ALL RENTS ARE INCREASED AND STABLIZED. QUALIFIED BUYERS CAN RECEIVE FINANCIALS ON REQUEST.
Property Type: | Apts/Studio |
Listing Status: | ACTIVE |
Area Name: | LGV ISD 112 |
Year Built: | 1961 |
Foundation: | Slab, Pier And Beam, 2 Story, Combo Pier And Beam/Slab |
Garage: | Carport |
Parking Type: | Attached, Detached, Rear/Side Entry, Parking Pad, Circle Drive, Street |
Heating: | Central |
Cooling: | Central, Window Units |
Water/Sewer: | City Water, City Sewer |
Lot Description: | Landscaped |
Exterior Features: | Fence Partial, Inground Pool |
Interior Features: | Shades/Blinds, Carpeting, Vinyl Flooring |
Appliances/Kitch. Equipment: | Electric Range/Oven, Dishwasher, Refrigerator |
Energy Efficient Items: | Ceiling Fans |
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Courtesy of Tx Farms & Ranches/Park Village
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