7-Unit Multi-Family Investment - Longview, TX - Seller Financing and 90-Day Management Support Solid income-producing 7-unit Class C multi-family investment opportunity in Longview, located near LeTourneau University. Situated across two multi-story buildings on a mature, shaded 0.23-acre lot, this property presents a compelling value-add play for hands-on investors ready… Read More to modernize a well-located rental asset. Property Highlights: - Unit Mix: 7 total units (combination of 1BD, 1BA and 2BD, 1BA layouts) across 3 separate structures - Livable Space: 3,357 SF combined gross living area - Gross Income: $5,400 per month ($64,800 per year) actual gross rent - Layout and Access: Dedicated off-street driveway access servicing front and rear buildings - Zoning and Utilities: Zoned for multi-family use; City of Longview water, sewer, electric, and gas Location: Situated between S. Green St and S. Mobberly Ave corridors, convenient to LeTourneau University Site Features: FEMA Flood Zone X (outside 100-year floodplain); no known adverse easements or encroachments Investment and Seller Financing Terms: Asking Price: $250,000 (Sold As-Is) Seller Financing Terms: $20,000 down payment; 7.0 percent Interest Rate; $1,530 per month P&I (30-year amortization schedule with an 8-year balloon payment) Buyer Incentive: Includes 90 days of post-closing transitional property management assistance to ensure seamless tenant onboarding, rent collection continuity, and operational handoff. Showing Instructions: To minimize disruption to active tenants, initial showings are strictly limited to the exterior and one designated vacant unit. Full access to occupied units will be granted upon an accepted purchase contract. Buyer to independently verify all information Read Less
Courtesy of United Real Estate Frisco, Yaw Asante.
Listing Snapshot
Days Online
6
Last Updated
Property Type
Apartment
Beds
8
Full Baths
7
Lot Size
0.23 Acres
Year Built
1943
MLS Number
21352674
Additional Details
Property Access
Road surface type: Asphalt
Appliances & Equipment
ElectricOven, GasOven, Microwave, Refrigerator
Building
Built in 1943, Construction materials: Brick, Levels: Two, 7 buildings, 2, Toal building area: 3357
Cooling
CeilingFans, WindowUnits
Expenses
Insurance: $1,500
Floors
Laminate, Linoleum, Tile
Heating
NaturalGas, SpaceHeater
Income
Gross income: $64,800, Net operating income: $41,398
Interior Features
Pantry, WalkInClosets
Lot
0.23 acres, 10,019 sqft, Acreage
Parking
10 total parkings, Driveway, OffStreet, ParkingLot
