237 E Culver St, Longview, TX 75602

Property Description

7-Unit Residential Investment — Longview, TX - Seller Financing Available with $20K Down Rare opportunity to acquire a 7-unit income-producing residential property near LeTourneau University. The property consists of approximately 3,357 SF of combined living area across multiple structures on a mature 0.23-acre lot, with a mix of 1BD,1BA and 2BD,1BA units. Investment Highlights - 7 total residential units - Approximately $64,800 in scheduled annual gross rent at current rental rates - Approximately 85% current occupancy - Approximately $38,800 estimated NOI based on current rents and reported operating expenses - $250,000 asking price — approximately $35,714 per unit. Off-street driveway access serving the property. City of Longview water, sewer, electric and gas Convenient location near the S. Green St. to S. Mobberly Ave. corridors Zoning and Use Disclosure Property is currently zoned SF-5. The property has historically been used as multiple residential units. This existing use may not conform to the property's current SF-5 zoning designation, and Seller makes no representation as to whether the property qualifies for legal nonconforming (grandfathered) status. Property is being offered AS-IS. Buyer to independently verify with the City of Longview all matters concerning zoning, existing or nonconforming use status, licensing, occupancy, and continued operation before relying on this information. Seller is willing to provide up to 60 days of post-closing transition assistance to facilitate tenant and rent-collection continuity and operational handoff. Showings: To minimize disruption to tenants, initial showings are limited to the exterior and one designated vacant unit. Access to occupied units will be provided following an accepted purchase contract, subject to appropriate notice. Buyer to independently verify all information, including zoning, use status, income, and expenses. Buyer to pay Buyer Realtor for Seller Finance