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    1200 N Fourth St

    Longview, TX 75601
    • $7,488,000
    • STATUS: Active
    • ON SITE: 141 days
    • MLS #: 20205230
    UPDATED: 43 min ago
    $7,488,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    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.

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    © 2021 Longview Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Professionals - The Burks Team. Data last updated: 2021-03-03T08:22:16.08.
    www.longviewhousehunters.com/homes/110922598
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    1200 N Fourth St Longview, TX 75601

    • Price: $7,488,000
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 20205230
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1961
    Built
    Neighborhood:
    Lgv Isd 112
    County:
    Gregg
    Area:
    Lgv Isd 112
    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.
    Exterior Features

    Construction Brick Exterior Features Fence PartialInground Pool Garage Type Carport Lot Features Landscaped Parking Type AttachedCircle DriveDetachedParking PadRear/Side EntryStreet Roof Built-UpComposite Streets Paved

    Interior Features

    Appliances DishwasherElectric Range/OvenRefrigerator Cooling CentralWindow Units Dining Room Kitchen Foundation Style 2 StoryCombo Pier And Beam/SlabPier And BeamSlab Heating Central Interior Features CarpetingShades/BlindsVinyl Flooring Laundry Community Laundry Rooms DenOffice

    Property Features

    Effective Age 50+ Energy Efficient Ceiling Fans Foreclosure Or Bank Owned No Multifamily Type Apts/Studio Number Of Units1 8 Number Of Units2 68 Number Of Units3 69 Number Of Units4 4 Number Of Units5 1 Number Of Units6 1 Possession At ClosingImmediateSubject To Tenants Rights Taxes 32391.84 Utility Type Cable AvailableElectricGasHigh Speed Internet Avail Water Heater Central Heater/BoilerGas Water Sewer City SewerCity Water Will Sell CashConventional

    Listing provided courtesy of Tx Farms & Ranches/Park Village.


    © 2021 Longview Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Professionals - The Burks Team. Data last updated: 2021-03-03T08:22:16.08.
     
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