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1200 N Fourth St
Longview, Tx 75601

Price: $2,199,000
Property Type: multi-family
MLS #: 25009522
66 UNIT APARTMENT COMPLEX LOCATED IN GREAT LOCATION IN THE HEART OF LONGVIEW BETWEEN THE 2 HOSPITALS. ALL NEW ROOFS 4 YEARS AGO, ALL NEW WINDOWS IN LAST 3 MONTHS, ALMOST HALF HAVE BRAND NEW "PTAC A/C / HEAT UNITS" , MULTIPLE UNITS HAVE HAD RENOVATIONS. PRICED OVER 1 MILLION DOLLARS BELOW CURRENT TAX APPRAISAL. ROAD FRONTAGE ON ALL 4 SIDES WITH OVER 1.3 ACRES. ALMOST 40,000 SQFT WITH 2 - 2 STORY BUILDINGS, ON SITE LAUNDRY FACILITY AND WORKSHOP AREA. 8 EFFECIENCY, 4 2 BR 2BATH, 9 2 BR 1 BATH AND 45 1 BR 1 BATH. ONE OF THE ONLY "ALL BILLS PAID" IN THE AREA. LARGE OPEN COURTYARD IN THE CENTER OF THE PROPERTY WITH COMMON AREA. NOTE!!!! THERE ARE ONLY 14 UNITS OCCUPIED DUE TO ONGOING REPAIRS AND RENOVATION. THIS IS A BANK FORECLOSURE AND NO T-12 OR PASTRENTAL HISTORY AVAILABLE. SALE IS BASED ON PROFORMA AND FUTURE VALUE WHEN FULLY OCCUPIED. ALL OFFERS MUST BE SUBMITTED ON PROPOFFERS.COM.
Area: Gregg
Year Built: 1961
Bedrooms: Studio
Bathrooms: One
Acres: 1.314
CONSTRUCTION : Brick Veneer
COOLING : Central Electric
COOLING : Other/See Remarks
INTERIOR : Ceiling Fan
INTERIOR : Blinds
KITCHEN EQUIPMENT : Refrigerator
KITCHEN EQUIPMENT : Dishwasher
KITCHEN EQUIPMENT : Range/Oven-Electric
FENCING : None
FLOORING : Carpet
FLOORING : Vinyl

Courtesy: Coleman, Mark • Texas Farms & Ranches • 903-663-5000

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