S FM 225, Henderson, TX 75654

Listing agent Kelly Hale

Listing office Texas Real Estate Executives, The Daniels Group Show Phone

Listing date Dec 9, 2024

Source Xome

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Overview

Southern Hills Duplex Apartments presents an investment opportunity featuring comfortable and convenient living on the outskirts of Henderson, TX. This multi-family apartment community comprises 80 livable units with 1, 2, and 3-bedroom layouts. The property includes an on-site leasing office, laundry facility, maintenance shop, and several storage areas. Situated on 10.5 landscaped acres in a peaceful country setting, the location offers proximity to shopping and dining. The property has been professionally managed for the past 10 years, ensuring tenant satisfaction and property upkeep, with preventative maintenance performed and prompt attention to work order repairs. Each of the 42 buildings had new roofs replaced in June 2023, with a 20-year shingle and a transferrable warranty. There is room for rent increases and the possibilities of value-add opportunities. An adjacent 1.5-acre lot at 2902 FM 225 S, zoned multi-family, offers additional space for building rentals or adding amenities. The vacant lot has utilities in place, bringing the total acreage to 12 acres.

Map

City

Henderson

County

Rusk

State

Texas

Longitude

-94.802

Latitude

32.1486

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FAQs

What type of property is this?

Apartment building - Multi-family apartment community with 80 units on 10.5 acres.

Where is this apartment building located?

The property is located at S FM 225 Henderson, TX.

What is the asking price?

The asking price for this property is $5,350,000.

What are key features of this property?

This property features: Strong Investment Potential: History of strong financial performance and potential for rent increases.; New Roofs with Warranty: All 42 buildings have new roofs with a 20‑year shingle and transferrable warranty.; Professionally Managed for 10 Years: Ensures tenant satisfaction and property upkeep.