Home for Sale at 700 W Upshur Ave, Gladewater, TX 75647
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Phone: (903) 247-3030
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Inquire about this ListingPrice: $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.
| 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 |
| Exterior Features: | Storage Building |
| Interior Features: | Shades/Blinds, Vinyl Flooring |
| Appliances/Kitch. Equipment: | Electric Range/Oven, Dishwasher, Refrigerator |
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For additional information, contact Noon & Associates
Phone: (903) 247-3030Request a Showing Inquire about this Listing