Twitter
Facebook
Email
At East Texas Land Sales, our team of experienced real estate professionals have a wealth of knowledge about the market and are committed to providing the best possible service to our users. We're here to help you every step of the way, from the initial search to the final transaction. Give us a call, and we can help.
|
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.
| DAYS ON MARKET | 11 | LAST UPDATED | 12/10/2024 |
|---|---|---|---|
| TRACT | None | YEAR BUILT | 1982 |
| COUNTY | Rusk | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | West Rusk |
|---|---|
| Jr. High School | West Rusk |
| High School | West Rusk |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Electric Range, Range, Refrigerator |
| CONSTRUCTION | Brick, Wood Siding |
| FIREPLACE | Yes |
| HEAT | Central, Electric |
| INTERIOR | Pantry |
| LOT | 12 acre(s) |
| LOT DIMENSIONS | Unknown |
| PARKING | Paved |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | None |
| TAXES | 109207.13 |
| UTILITIES | Cable Available |
| WATER | Public |
| ZONING | Multi Fam Dwelling 2 ½ St |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Trey
Todd to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Kelly Hale, Texas Real Estate Executives-Gladewater
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of GTAR. Real estate listings held by firms other than the owner of this site, are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this site's owner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
© 2024 Greater Tyler Association of Realtors
This IDX solution is (c) Diverse Solutions 2024.