Mary McLean
Dallas McLean Realty
License number: 0517452
phone: 214 (335) 4552
 www.keystodalla­s.com
 9919 Crestline Ave.
 Dallas, TX 75220
$650,000
501 Harris Street, Kilgore, Texas 75662, USA
MLS#
20670222
Property type
Residential For Sale, Apartment
Land size
6,292 sqft (585 m2)
Building Size
6,292 sqft (584.5 m2)
Status
Sale price per sqm
0 $
Virtual Tour
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.
Property Details
1975 Year Built:
Building or Complex name: Harris Street Apartments Location:
Log Construction:
Resale Condition:
Refrigerator, Oven-Electric Appliances:
Carpet Floors:
city water, City sewer, Master Water Meter Utilities:
Central, Electric Heating System:
Central, Electric Cooling System:
On Slab Basement and Foundation:
composition, shingle Roofing:
Parking / Garage
16 Number of parking spaces:
School Information
Gladewater ISD School District:
Kilgore Elementary School:
Gladewater Middle School:

Listing by: The Multifamily Group
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