2900 S Fm 225 |
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| Price: | $6,200,000 |
| Property Type: | Multi-family |
| MLS #: | 24016598 |
| County: | Rusk |
| Year Built: | 1982 |
| Bedrooms: | Six+ |
| Bathrooms: | One |
| Square Feet: | 68920 |
| Acres: | 12 |
| Elementary School: | WEST RUSK |
| Middle School: | WEST RUSK |
| High School: | WEST RUSK |
| Outstanding Investment Potential! Welcome to Southern Hills Duplex Apartments, a lucrative investment opportunity where comfortable and convenient living come together. This multi-family apartment community offers an attractive living experience on the outskirts of Henderson TX. With a variety of floorplans, this duplex apartment community offers 1, 2, and 3 bedroom layouts; with the making up of 80 livable units, an onsite leasing office, laundry facility, maintenance shop and several storage areas throughout the community. An excellent location, situated on 10-1/2 landscaped acres and a peaceful country setting, you are just minutes away from shopping and dining, making a daily commute a breeze. As an upside potential, there is room for rent increases and the possibilities of value-add opportunities, an investment with the likelihood for increased returns. For the duration of the past 10 years, the property has been professionally managed, ensuring tenants’ satisfaction and property upkeep, with preventative maintenance performed as well as prompt attention to all work order repairs asked of the tenants; minimizing capital expenditures for the new owner. Each of the 42 buildings had new roofs replaced in June 2023, with a 20 year shingle and comes with a transferrable warranty to the new owner. This multi-family duplex community represents a fantastic investment opportunity with a history of strong financial performance and extended stay tenants. Whether you are an experienced investor or new to real estate, this property offers a secure and rewarding venture. Call today to schedule your private showing. Seller has a current survey on file for each address. 2902 FM 225 S, is the adjacent lot, offering an additional 1.5 acres, for a total of 12 acres for the new buyer. The vacant lot has utilities in place and room to build additional rentals or add amenities if desired. The lot is currently zoned multi-family. | |
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CONSTRUCTION Brick and Wood
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COOLING
Central Electric
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INTERIOR
Ceiling Fan
Cable TV
Blinds
Smoke Alarm
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KITCHEN EQUIPMENT
Range/Oven-Electric
Free Standing Range
Pantry
Refrigerator
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DRIVEWAY
Paved
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FENCING
Chain Link Fence
Partial Fence
Wood Fence
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Courtesy: Hale, Kelly • Texas Real Estate Executives-Gladewater • 903-845-4663 
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is 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. This information is deemed reliable, but not guaranteed.
This content last refreshed on 12/21/2024 09:30 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
