Home for Sale at 700 W Upshur Ave, Gladewater, TX 75647

 
 
 
 
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Property Details for Listing # 20204175
 
 
 
 
Price: $975,000
700 W Upshur Ave
Gladewater, TX 75647
County: Gregg
Type: Apts, Studio
 
 
 
 
 
 
 
 
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Property Description:
 
 
 
 
Newly renovated 14 unit apartment complex. (9) 1bd/1ba (5) 2bd/1ba. Recent complete renovation down to studs, all new electrical, plumbing, HVAC. All new appliances, cabinets, fixtures, etc. Luxury vinyl tile throughout. Each unit is separately metered, tenants pay electricity, landlord pays water. Property runs at relatively low expenses. Property has room to build additional units if desired. Current rent is $120,600/yr with room to increase some of the rents. Priced at just over 8% cap rate.

 
 
 
 
OVERVIEW:
 
 
 
 
Property Type:Apts/Studio
Listing Status:ACTIVE
Area Name:GLADEWATER ISD
Year Built:1950
Foundation:2 Story, Slab
Heating:Central, Electric
Cooling:Central, Electric
Water/Sewer:City Water
Utilities:Separate Meter-Electric, Tenant Pays Electric
 
 
 
 
FEATURES:
 
 
 
 
Exterior Features:Storage Building
Interior Features:Shades/Blinds, Vinyl Flooring
Appliances/Kitch. Equipment:Electric Range/Oven, Dishwasher, Refrigerator
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$975,000
Taxes:$8,242
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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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