1224 S High St - Apartments FOR SALE


Longview, TX 75602
$2,500,000 USD
817-288-5525
1224 S High St, Longview, TX for Sale
$2,500,000 USD
Apartments - FOR SALE
1/96
null | 5.52% Cap Rate

1224 S High St
Longview, TX 75602


HIGHLIGHTS

  • Just 100 miles from the DFW Metroplex
  • Situated within the combined markets of Tyler and Longview
  • Part of the highly popular wooded East Texas market
  • Positioned in a key economic driver for the region
  • For a qualified buyer, ownership is offering to prepay 3 years of estimated property taxes, in an escrow account.
  • Property is currently operating at capacity with waiting list, which merits rental increase consideration.

OVERVIEW

SVN | Trinity Multifamily Advisors are pleased to present the exclusive listing of Willow Creek Apartments, a well- positioned 39-unit value-add opportunity located in Longview, TX. Willow Creek sits on approximately 1.12 AC in the growing Longview Market. The asset was constructed in 1955 and has gone through significant renovations over the past several years. The commuter-friendly location is 1.5 miles away from downtown Longview, across the street from Ware Elementary School, less than 10 minutes from Foster Middle School, and another 10 minutes from Longview High. Aside from Willow Creek’s fantastic location, this property has an excellent unit mix of 1x1 & 2x1.5 floorplans with continued rental upside despite the units having gone through renovations. Some of the unit upgrades includes; new paint, appliances, flooring, and bathroom & kitchen upgrades. Willow Creek is being offered on a free & clear basis. For a qualified buyer, ownership is offering to prepay 3 years of estimated property taxes, in an escrow account.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

39

PRICE/UNIT

$64,103

CAP RATE

5.52%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willow Creek Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

MF

APN/PARCEL ID

20458

ASK ABOUT THIS PROPERTY

Niki HatzenbuehlerSVN | Trinity AdvisorsMore Info
817-288-5525

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Niki HatzenbuehlerSVN | Trinity AdvisorsMore Info
817-288-5525

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