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$1,150,000

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. The property features an attractive unit mix of eight 2-bedroom, 1-bath units and sixteen 1-bedroom, 1-bath units, appealing to a broad tenant base. Twenty-three of the 24 units have been renovated, allowing a new owner to step into an improved asset with minimal remaining work. Occupancy is a major strength, with the property historically operating at or near 100% occupancy and vacancy not typically being an issue. The complex currently generates more than $59,000 in annual profit, with additional upside potential from the recent renovations and continued operational improvements. Electricity is individually metered, with tenants responsible for their own electric service. Residents also pay $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-per-use laundry facility provides an additional income stream. The laundry building also includes bonus space on the opposite side that could be used as an on-site office, additional storage, or potentially converted into a future amenity such as a small community gym, resident lounge, or flex space. Additional highlights include ample on-site parking and two roofs that have already been replaced, reducing near-term capital expenditure concerns. With 23 renovated units, strong occupancy, multiple income streams, investor-friendly utility structures, and additional value-add potential, this South Longview multifamily asset offers an attractive combination of stability, cash flow, and long-term growth potential.

21358849 MLS

429 Johnson St, Longview

$250,000

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

8 Beds ⋅ 7 Baths ⋅ 21352674 MLS

237 E Culver St, Longview