Henderson, TX 75654 2900 S FM 225
$6,200,000
Pending



17 more


















Presented By: Kelly Hale with Texas Real Estate Executives-Gladewater;
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
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 tenantsâ 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.
Presented By: Kelly Hale with Texas Real Estate Executives-Gladewater;
Interior Features for 2900 S FM 225
Other Interior Features
FireplaceNone
FlooringVinyl Plank
Interior AmenitiesCeiling Fan, Cable TV, Blinds, Smoke Alarm
Total Number of Units80
General for 2900 S FM 225
AreaRusk
ClassMULTI-FAMILY
ConstructionBrick and Wood
CoolingCentral Electric
HeatingCentral Electric
RoofComposition
SewerPublic Sewer
StatusPending
SubdivisionNone
SubdivisionTX
Tax Year2023
WaterPublic
Year Built1982
ZoningMulti Fam Dwelling 2 ½ St
Exterior for 2900 S FM 225
DrivewayPaved
ExteriorPatio Covered, Porch
FencingChain Link Fence, Partial Fence, Wood Fence
FoundationSlab
Lot Size Area12
WaterfrontNo
Additional Details
Price History
Schools
Middle School
West Rusk Middle School
High School
West Rusk High School
Elementary School
West Rusk Elementary School

Suzanne Smith
Broker/Owner