429 Johnson St - Apartments FOR SALE


Longview, TX 75602
$1,150,000 USD
972-480-8280
429 Johnson St, Longview, TX for Sale
$1,150,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

429 Johnson St
Longview, TX 75602


OVERVIEW

24 unit multi-family available in Longview! Nearly 100% occupied. Over 15.5K monthly gross rents! 23 of 24 units have been renovated!. ***Two Brand New Roof's Just Installed*** New kitchen cabinets in most units, granite c-tops, SS appliances, new fixtures, moldings, flooring, too many to list! Exterior remodel includes painting, wood accents, windows, fencing, approximately 50% of the AC units replaced and much more! Owner has put over 400K into renovating the property! On-site remodeled Laundry room with new tenant pay-for-use machines! Extra revenue generator!! Rare opportunity to own a large multi-family property for under 1.2 million! *Owner is exiting this territory due to proximity from corporate office in Plano* Email Wclark@OmniKeyTexas.com with any questions or offers. ***Owner successfully protested property taxes and reduced them significantly increasing cash-flow by $900 a month***

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

24

PRICE/UNIT

$47,917

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

Residential

APN/PARCEL ID

64183

ASK ABOUT THIS PROPERTY

Leah SlaughterOmniKey RealtyMore Info
972-480-8280

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Leah SlaughterOmniKey RealtyMore Info
972-480-8280

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