2900 S FM 225 Active Save Request In-Person Tour Request Virtual Tour
Henderson,TX 75654
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 68,920 sqft
Price per Sqft $89
MLS Listing ID 24016598
Bedrooms 80
Year Built 1982
Annual Tax Amount $109,207
Tax Year 2023
Lot Size 12.000 Acres
Acres 12.0
Property Description
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.
Location
State TX
County Rusk
Zoning Multi Fam Dwelling 2 ½ St
Interior
Interior Features Ceiling Fan,Cable TV,Blinds,Smoke Alarm
Heating Central Electric
Cooling Central Electric
Flooring Vinyl Plank
Fireplaces Type None
Equipment Range/Oven-Electric,Free Standing Range,Pantry,Refrigerator
Exterior
Exterior Feature Patio Covered,Porch
Fence Chain Link Fence,Partial Fence,Wood Fence
View Y/N No
Roof Type Composition
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Schools
Elementary Schools West Rusk
Middle Schools West Rusk
High Schools West Rusk
Others
Acceptable Financing Assumption,Cash,Conventional,Must Qualify
Listing Terms Assumption,Cash,Conventional,Must Qualify