Home for Sale at 1200 N FOURTH ST, Longview, TX 75601

 
 
 
 
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Property Details for Listing # 20205230
 
 
 
 
Price: $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.

 
 
 
 
OVERVIEW:
 
 
 
 
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
 
 
 
 
FEATURES:
 
 
 
 
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
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$7,488,000
Taxes:$32,392
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All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Noon & Associates shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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     For additional information, contact Noon & Associates Phone: (903) 247-3030
    Request a Showing    Inquire about this Listing

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