Current Use by Public Records
- Apartment buildings
Property Details
- Lot size
- 12.00 lot acres
- Property type
- Apartment buildings
Description
This exceptional 80-unit multifamily investment opportunity in Henderson, TX, presents a compelling case for strong returns. Situated on 12 acres (including a 1.5-acre adjacent vacant lot with utilities), this well-maintained community offers a mix of 1, 2, and 3-bedroom apartments across 42 buildings. The property boasts an on-site leasing office, laundry facilities, and a maintenance shop, ensuring efficient operations. All 42 buildings received new roofs in June 2023, featuring 20-year shingles with a transferable warranty. The property benefits from a peaceful country setting while remaining conveniently close to shopping and dining. Tenants enjoy comfortable living, supported by professional management for the past 10 years, resulting in high tenant retention and minimal capital expenditures. Preventative maintenance and prompt repairs have been consistently implemented. The vacant 1.5-acre lot offers significant upside potential for expansion, adding units or amenities to further enhance value and rental income. The property's strong financial history, coupled with the potential for rent increases and value-add opportunities, makes this a secure and rewarding investment for both seasoned and new real estate investors. The seller has a current survey on file for each address. This multifamily complex is currently zoned multi-family.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Henderson
- County
- Rusk
- State
- Texas
- Longitude
- -94.8095
- Latitude
- 32.1284
