8 Beds
7 Baths
3,357 SqFt
8 Beds
7 Baths
3,357 SqFt
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,357 sqft
Price per Sqft $74
Subdivision South Highlands
MLS Listing ID 21352674
Bedrooms 8
Full Baths 7
HOA Y/N No
Year Built 1943
Annual Tax Amount $2,763
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Apartment
Property Description
Solid income-producing 7-unit Class C multi-family investment opportunity in Longview, located near LeTourneau University. Situated across two multi-story buildings on a mature, shaded 0.23-acre lot, this property presents a compelling value-add play for hands-on investors ready to modernize a well-located rental asset.
Property Highlights:
- Unit Mix: 7 total units (combination of 1BD, 1BA and 2BD, 1BA layouts) across 3 separate structures
- Livable Space: 3,357 SF combined gross living area
- Gross Income: $5,400 per month ($64,800 per year) actual gross rent
- Layout and Access: Dedicated off-street driveway access servicing front and rear buildings
- Zoning and Utilities: Zoned for multi-family use; City of Longview water, sewer, electric, and gas
Location: Situated between S. Green St and S. Mobberly Ave corridors, convenient to LeTourneau University
Site Features: FEMA Flood Zone X (outside 100-year floodplain); no known adverse easements or encroachments
Investment and Seller Financing Terms:
Asking Price: $250,000 (Sold As-Is)
Seller Financing Terms: $20,000 down payment; 7.0 percent Interest Rate; $1,530 per month P&I (30-year amortization schedule with an 8-year balloon payment)
Buyer Incentive: Includes 90 days of post-closing transitional property management assistance to ensure seamless tenant onboarding, rent collection continuity, and operational handoff.
Showing Instructions:
To minimize disruption to active tenants, initial showings are strictly limited to the exterior and one designated vacant unit. Full access to occupied units will be granted upon an accepted purchase contract.
Buyer to independently verify all information
Location
State TX
County Gregg
Direction Use GPS
Interior
Interior Features Pantry, Walk-In Closet(s)
Heating Natural Gas, Space Heater
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Laminate, Linoleum, Tile
Fireplace No
Appliance Electric Oven, Gas Oven, Microwave, Refrigerator
Exterior
Parking Features Driveway, Off Street, Parking Lot
Pool None
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Sewer Available, Water Available
Water Access Desc Public
Roof Type Asphalt,Shingle
Street Surface Asphalt
Total Parking Spaces 10
Private Pool No
Building
Lot Description Acreage
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Doris Mcqueen
Middle Schools Foster
High Schools Longview
School District Longview Isd
Others
Senior Community No
Tax ID 65100000110310002
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21352674
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
GET MORE INFORMATION
Texas Real Estate
Welcome to RiseRealtyTexas.com, your one-stop source for Texas real estate.
Use our state-of-the-art property search, including an interactive map search, to find homes for sale in Texas. These listings are updated daily from the MLS.
Or, use our Community Guide to help you in your search for North Texas real estate listings. Our community searches will keep you up to date with the latest properties in the areas you are interested in.
And, for your convenience, be sure to register for a free account to receive email notifications whenever new homes for sale come on the market that match your specific criteria, and save your favorite properties for quick and easy access whenever you need — it's fast, easy, automatic and FREE! With a Property Tracker account, you'll be among the first to know about the newest homes for sale in Texas.
Thanks for visiting RiseRealtyTexas.com, home of exquisite properties and excellent service.