Home for Sale at 1200 N FOURTH ST, Longview, TX 75601
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For additional information, contact Noon & Associates
Phone: (903) 247-3030
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Inquire about this ListingPrice: $7,488,000
1200 N FOURTH ST
Longview, TX 75601
County: Gregg
Type: Apts, Studio
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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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For additional information, contact Noon & Associates
Phone: (903) 247-3030Request a Showing Inquire about this Listing