2900 FM 225 S - Apartments FOR SALE


Henderson, TX 75654
$6,200,000 USD
903-235-2014
2900 FM 225 S, Henderson, TX for Sale
$6,200,000 USD
Apartments - FOR SALE
1/19
null | 4.7% Cap Rate

2900 FM 225 S
Henderson, TX 75654


HIGHLIGHTS

  • Outskirts of town, well maintained, quiet, strong management staff

OVERVIEW

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 sitting, 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 20 year 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. Financials and other like documents can be provided upon request.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

80

PRICE/UNIT

$77,500

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southern Hills Duplex Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

170

LAND DETAILS

LAND ACRES

4.09 AC

LAND SF

177,986 SF

ZONING

MF

APN/PARCEL ID

10145,31140,4643

ASK ABOUT THIS PROPERTY

Kelly HaleTexas Real Estate Executives, The Daniels GroupMore Info
903-235-2014

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Kelly HaleTexas Real Estate Executives, The Daniels GroupMore Info
903-235-2014

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.