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.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
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.
© 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.