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1224 S High St Longview, TX 75602

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For Sale
$2,500,000

39-unit apartment complex in Longview, TX with value-add potential.

Property size:
35,000 SF

Property Features for 1224 S High St

General Information

Size
35,000 SF

Building Details

Year built
1955

Source: Scott Henderson Agent Scott Henderson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Value-Add Multifamily Opportunity in Longview

Willow Creek Apartments, situated in Longview, TX, presents a value-add opportunity with 39 units. Constructed in 1955, the property has undergone significant renovations in recent years. Located approximately 1.5 miles from downtown Longview, the property is positioned across the street from Ware Elementary School, and within a 10-minute drive to both Foster Middle School and Longview High. The unit mix consists of 1-bedroom and 2-bedroom floor plans. Upgrades to the units include new paint, appliances, flooring, and bathroom and kitchen improvements. The property is located in East Texas, approximately 100 miles from the DFW Metroplex, within the combined markets of Tyler and Longview. The property is currently operating at capacity with a waiting list. Management has concluded that a Ratio Utility Billing System (RUBS) would further expand Net Operating Income (NOI) by reducing overall utility expenses for the property. The property size is 35,000 square feet and sits on approximately 1.12 acres.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Rayanne Place Hotel Willow Creek Apartments Apartment Complex Horizon Rehab Center ... Helpline

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Longview
County
Gregg
State
Texas
Longitude
-94.7432669
Latitude
32.4779417

FAQs

What type of property is this?
Apartment building - 39-unit apartment complex in Longview, TX with value-add potential.
Where is this apartment building located?
The property is located at 1224 S High St Longview, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - Value-add opportunity with continued rental upside.; - Excellent unit mix of 1x1 & 2x1.5 floorplans.; - Offered on a free & clear basis with potential for prepaid property taxes.
More about this property
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