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    700 W Upshur Ave

    Gladewater, TX 75647
    • $999,000
    • STATUS: Active
    • ON SITE: 40 days
    • MLS #: 20204175
    UPDATED: 16 min ago
    $999,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    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.

    Monthly Payment Calculator

    ©2020 Longview Area Association of Realtors®. 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: 2020-09-28T15:22:26.467.
    www.longviewhousehunters.com/homes/109116613
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    700 W Upshur Ave Gladewater, TX 75647

    • Price: $999,000
    • Status: Active
    • Updated: 16 min ago
    • MLS #: 20204175
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1950
    Built
    Neighborhood:
    Gladewater Isd
    County:
    Gregg
    Area:
    Gladewater Isd
    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.
    Exterior Features

    Construction Stone/Concrete Exterior Features Storage Building Garage Type None Roof Built-UpComposite

    Interior Features

    Appliances DishwasherElectric Range/OvenRefrigerator Cooling CentralElectric Foundation Style 2 StorySlab Heating CentralElectric Interior Features Shades/BlindsVinyl Flooring Laundry Inside Room

    Property Features

    Effective Age 50+ Foreclosure Or Bank Owned No Multifamily Type Apts/Studio Possession At ClosingSubject To Tenants Rights Taxes 8242 Utilities Separate Meter-ElectricTenant Pays Electric Utility Type Electric Water Heater ElectricSeparate Heater Water Sewer City Water Will Sell CashConventional

    Listing provided courtesy of Maya Properties - Longview.
    ©2020 Longview Area Association of Realtors®. 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: 2020-09-28T15:22:26.467.
     
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