$6,200,000

2900 & 2902 S Fm 225 Henderson, TX 75654

Estimated payment $40,540/month

Total Views 5,489
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Covered patio or porch
  • Shades
  • Central Heating and Cooling System
  • Separate Outdoor Workshop
  • Landscaped
  • Ceiling Fan

About This Home

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 tenants’ 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.

Listing Agent

Kelly Hale

Texas Real Estate Executives, The Daniels Group - Gladewater License #0759695 Listed on: 12/10/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • Partially Fenced Property
  • Landscaped

Home Design

  • Gable Roof Shape
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Shades
  • Vinyl Flooring
  • Fire and Smoke Detector
  • Electric Oven
  • Gas Dryer

Parking

  • 2 Parking Spaces
  • Parking Pad

Outdoor Features

  • Covered patio or porch
  • Separate Outdoor Workshop

Utilities

  • Central Heating and Cooling System
  • Gas Available
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4643,31140,10145

Community Details

Overview

  • 42 Buildings
  • 80 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Sub Type: 2 BDRM
  • Additional Showing Instructions: All showings will be scheduled thru LA
  • Assumption Amount: 250692217
  • Escrow Amount: 1%
  • Escrow To: US TITLE, LGV
  • Foreclosure Bank Owned: No
  • Stories: 1
  • Present Int Rate: 4%
  • Subdivision: No
  • Supervisor License Number: 0502250
  • Taxes Dollars: 109207.13
  • Foundation Style: Slab
  • Utility Type: Cable Available, Electric, Gas, High Speed Internet Avail
  • Electric Utility Company: City
  • Gas Utility Company: Centerpoint
  • Number Units1: 16
  • Number Units2: 48
  • Number Units3: 16
  • Type 1: 1 BDRM
  • Type 3: 3 BDRM
  • Water Utility Company: City
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: None
  • Appliances: Electric Range/Oven, Free Standing Range/Oven, Vent Fan, Refrigerator
  • Interior: Shades/Blinds, Vinyl Flooring

Exterior Features

  • Construction: Brick
  • Roof: Gable
  • ExteriorFeatures: Fence Partial, Covered Patio, Workshop
  • Special Information: Reserved: See Rmks
  • Streets: Paved

Garage/Parking

  • Garage Type: None
  • Parking Type: Parking Pad
  • Parking Spaces: 2

Utilities

  • Water Heater: Electric, Separate Heater
  • Utilities: Separate Meter-Electric, Tenant Pays Electric
  • Cooling: Central, Electric
  • Heating: Central, Electric
  • Utility Laundry: Dryer/Gas, Community Laundry
  • Water/Sewer: City Water, City Sewer
  • Electricity: Separate Meter

Association/Amenities

  • Amenities: Pantry, Smoke Detectors

Condo/Co-op/Association

  • Age Range: 41-50

Lot Info

  • Parcel #: 4643,31140,10145
  • Lot: Landscaped

Green Features

  • Energy Efficient: Ceiling Fans

Building Info

  • Year Built: 1982

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2024 12/10/24 For Sale $6,200,000 0.0% --
12/10/2024 12/10/24 For Sale $6,200,000 -- --
Source: Longview Area Association of REALTORS®

Source: Longview Area Association of REALTORS®

MLS Number: 20247442

Longview Area Association of REALTORS®

Texas Rusk County Henderson 75654

2900 & 2902 S Fm 225, Henderson, TX

This home is located at 2900 & 2902 S Fm 225, Henderson, TX 75654 and is currently priced at $6,200,000. This property was built in 1982. 2900 & 2902 S Fm 225 is a home located in Rusk County with nearby schools including Monnie Meyer Wylie Primary School, Northside Elementary School, and Henderson Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Longview Area Association of REALTORS® Copyright 2025 Longview Area Association of REALTORS®. All rights reserved. Information is deemed reliable but not guaranteed.

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Kelly Hale
Listing Agent
Kelly Hale
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Texas Real Estate Executives, The Daniels Group - Gladewater
(430) 243-4093