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 Wclark@OmniKeyTexas.com
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
AVG $580K
$1.23M
Taxes
AVG $6,988
$13,452
Visits
AVG 54
70
Data Provided by Inside Real Estate®
Year Built
AVG 1948
1974

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