Address
429 Johnson Street, Longview, TX
Price
$ 1,225,000
Property Attributes
- MLS#20513984
- TypeMulti-Family
- CountyGREGG
- CityLongview
- NeighborhoodRollins School
- Zip75602
- StyleApartment
- Year Built1974
- Taxes$ 13452
- Price$ 1,225,000
- Bedrooms24
- Full Bathrooms24
- Half Bathrooms0
- Lot Size1.034 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
24 unit multi-family available in Longview! 100% occupied. Over 15.5K monthly gross rents! 23 of 24 units have been renovated!. ***Two Brand New Roof's Just Installed*** New kitchen cabinets in most units, granite c-tops, SS appliances, new fixtures, moldings, flooring, too many to list! Exterior remodel includes painting, wood accents, windows, fencing, approximately 50% of the AC units replaced and much more! Owner has put over 400K into renovating the property! On-site remodeled Laundry room with new tenant pay-for-use machines! Extra revenue generator!! Rare opportunity to own a large multi-family property for under 1.3 million! ***NO OWNER FINANCE*** *Owner is exiting this territory due to proximity from corporate office in Plano*
| Elementary School |
|---|
| Bramlette Elementary School |
| Price History | |
|---|---|
| 1/17/2024 | Listed $1,275,000 |
| 2/8/2024 | 2% - $1,250,000 |
| 2/28/2024 | 2% - $1,225,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Complex Name | Johnson Multi-Family |
| Cooling | Central Air,Electric |
| Utilities | City Sewer,City Water |
| Possession | Closing/Funding,Lease Outstanding,Other |
| Roof | Composition |
| Appliances | Dishwasher,Disposal,Electric Cooktop,Electric Range,Other |
| School District | Longview ISD |
| Capitalization Rate | 0.00 |
| Exclusions | All tenant belongings. Email all questions and offers to Will Clark at [email protected] |
| Year Built | 1974 |
| Levels | Two |
| Unexempt Taxes | 13452 |
| Will Subdivide | No |
| Gross Annual Expenses | 0.00 |
| Property SubType | Apartment |
| Subdivision Name | Rollins School |
| Occupant Type | Tenant |
| County | Gregg |
| Property Type | Residential Income |
| Construction Materials | Brick,Siding,Wood |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 1 |
| Status | Active |
| Directions | Property is on Johnson Street on the left. |
| City | Longview |
| Buyer Agent Compensation | 3% |
| Elementary School Name | Bramlette |
| High School | Longview |
| Street Name | Johnson |
| Elementary School | Bramlette |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20513984 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Cable TV Available,High Speed Internet Available,Other |
|---|---|
| Flooring | Other |
| Total Units | 24 |
| Unit Count | 2 |
| Lock Box Type | Combo |
| Street Suffix | Street |
Exterior Features
| Parking Features | Other |
|---|---|
| Foundation | Slab |
| Lot Size Area | 1.0340 |
| Number Of Parking Spaces | 24 |
| Lot Size Units | Acres |
| Building Area Total | 18710.00 |
| Lot Size Square Feet | 45041.0400 |
| Lot Size Acres | 1.0340 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 75602
Price
Taxes
Visits
Year Built
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