501 Harris Street, Kilgore (75662)
$650,000
0 
0
6,292
PROPERTY DETAILS
| Address: |
view address Kilgore, TX 75662 Map Location |
Features: | Air Conditioning |
|---|---|---|---|
| Square Feet: | 6,292 sq.ft. | Lot Size: | 6292.0 |
| Year Built: | 1975 | Property Type: | Apartment |
| Neighborhood: | S4790 - NORTH BROADMOOR | School District: | Gladewater ISD |
| County: | Gregg | Listing Number: | 20670222 |
| Listed By: | The Multifamily Group | Listing Office: | 972-379-9843 |
PROPERTY DESCRIPTION
OM, rent roll and profit and loss statement are available, please reach out to David Tello. List Price: $650,000. 501 Harris St consists of 8 units averaging 787 square feet. This log cabin-style property offers one and two-bedroom floorplans. There are six 1-bedroom 1-bath units with 720 SF and two 2-bedroom 1.5-bathrooms with 986 SF. The property is currently 100% occupied. Effective rent growth has risen aggressively for the Longview area at 14.6% year-over-year over the last 3 years (CoStar). Same owner since 1993. CapEx -All exteriors were painted in 2023. -Three units (A, D, & E) have been renovated with wood-style flooring, new two-toned paint, ceiling fans, and new black appliances. Value-Add: -Five remaining classic units should be renovated to increase rents. -With light interior renovations estimated at $3K each, the new owner could raise the rents by $100 per unit per month.
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Interior
Appliances
| Appliances: | Electric Oven, Electric Water Heater, Refrigerator |
Features
| Flooring: | Carpet | Interior Features: | Open Floorplan |
Cooling & Heating
| Cooling features: | Central Air, Electric | Heating features: | Electric, Central |
| Heating: | Yes |
Exterior
Exterior and Lot
| Construction Materials: | Log | Foundation details: | Slab |
| Roof: | Composition, Shingle |
Parking
| Parking features: | Asphalt |
Property and Lot Details
Other
| Sewer: | Public Sewer |
Schools
| Elementary School: | Kilgore | Middle or Junior School: | Gladewater |
Fee
| Special Listing Conditions: | Standard |
Building Information
| Year Built: | 1975 | Levels: | One |
Lot
| Lot Dimensions: | 6292.0 |
Construction
| Building Area total: | 6292.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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