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

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed.

 Data last updated: 2/21/2025, 2:25 AM UTC.

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