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DMTX Realty Group

info@dmtx.com +1(512) 751-6060

$ 1,200,000

Est. payment | -/mo

1.03 Acres Lot

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$ 1,200,000

Est. payment | -/mo

Save Virtual Tour

1.03 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Na

MLS Listing ID 21171462

HOA Y/N None

Total Fin. Sqft 24

Year Built 1974

Lot Size 1.030 Acres

Acres 1.03

Property Sub-Type Apartment

Property Description

Exceptional opportunity to own a well-maintained, income-producing 24-unit apartment complex in a highly convenient South Longview location, just minutes from LeTourneau University, I-20, shopping, dining, and major employers. This property offers a versatile unit mix of eight two-bedroom, one-bath units and sixteen one-bedroom, one-bath units, appealing to a broad tenant base that supports consistently strong performance. Nearly every unit has been renovated, allowing a new owner to step into an already improved asset with minimal work remaining. Occupancy is a major highlight, as vacancy is not typical and normally operates 100% occupancy. Designed with investor efficiency in mind, the complex generates over $59,000 in annual profit - with room to increase with recent renovations. Electricity is individually metered, with tenants responsible for their own electric service, and residents contribute $70 per month plus RUBS (Ratio Utility Billing System) toward shared utilities such as water and trash, helping keep operating expenses predictable and controlled. An on-site, pay-for-use laundry facility provides an additional income stream, and the laundry building includes extra space on the opposite side that could serve as an on-site office, additional storage, or even a future amenity such as a small community gym or flex space. The property also features ample on-site parking and the added benefit of two roofs that have already been replaced. With recent renovations, strong occupancy history, multiple income streams, and future upside potential, this South Longview multifamily asset offers a compelling combination of stability, cash flow, and opportunity for continued value growth.

Location

State TX

County Gregg

Direction From Dallas, take I-20 East to Longview. Take Exit 595B for Loop 281 (Estes Parkway) into Longview. Merge onto Loop 281 North and continue straight. Turn onto Bronco St, then turn onto Johnson St. Property is on your lefthand side.

Interior

Interior Features Open Floorplan

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Vinyl

Appliance Other

Heat Source Central, Electric

Exterior

Fence Fenced

Utilities Available City Sewer, City Water, Electricity Available

Roof Type Composition

Garage No

Building

Lot Description Level

Story Two

Foundation Slab

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Bramlette

Middle Schools Forrest Park

High Schools Longview

School District Longview Isd

Others

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21171462

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Kayla Riggs • Keller Williams Realty-Tyler

Nearby Locations

Top 1% Real Estate Team in Texas

Over $2 Billion in Total Sales

+1(512) 751-6060

info@dmtx.com

1617 W 6th St Suite C, Austin, TX, 78703, USA

429 Johnson St Longview, TX 75602

DMTX Realty Group

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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429 Johnson St