Active
2900 S FM 225
Henderson TX, 75654
$6,200,000
$89.96 per sqft
Active
80 Beds
3 Baths
68,920 sqft
Multi-family
Built in 1982
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.
24016598
MLSⓇ ID
December 11, 2024
Listed
February 21, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
80
Total Bathrooms
3
Interior Features
Pantry
Appliances
Electric Oven, Electric Range, Refrigerator, Range
Floor Description
Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Electric, Central
Exterior/Building Features
Lot Size
12 Acres
Roof
Composition
Sewer
Public Sewer
Patio And Porch
Covered, Porch
Security
Smoke Detector(s)
School Information
High School
West Rusk
Elementary School
West Rusk
Other Property Details
Taxes
$109,207
Tax Frequency
Annually
Days on Market
19
Garage
No
Parking
Paved
View
No
County
Rusk
Water Source
Public
Pets Allowed
Yes
Pool
No
Utilities
Cable Available
Zoning
Multi Fam Dwelling 2 ½ St
Courtesy of Kelly Hale, Texas Real Estate Executives-Gladewater
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Data last updated: 2/21/2025, 2:25 AM UTC.
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