INCOME-PRODUCING RESIDENTIAL PROPERTY
Unique Longview Opportunity! Seller Financing Available with $20K Down
Exceptional flexibility and cash-flow potential in Longview! Spanning 3,357 sq ft across multiple structures on a mature 0.23-acre lot, this unique property offers an incredible layout for house-hackers, multi-generational living, or seasoned investors looking for established residential income. 10% discount… Read More offered for all-cash buyers!
Property Highlights:
Income Potential: Historically operated with multiple residential living spaces, currently generating ~$5,400 per month in gross rental income ($64,800 annually).
Flexible Layout: Ample space across main and auxiliary structures for multi-unit rental configurations or owner-occupant living with income generation.
All-Cash Special: 10% discount available for all-cash offers.
Financing Terms: Seller financing available with $20,000 down. if seller financing option is selected.
Utilities & Parking: Off-street driveway access; full City of Longview water, sewer, electric, and gas utilities.
Location: Prime convenience with easy access to the S. Green St. and S. Mobberly Ave. corridors.
Seller Support: Seller is willing to provide up to 60 days of post-closing transition assistance for a smooth operational and tenant handoff.
Zoning & Usage Disclosure:
Property is zoned SF-5 (Single-Family Residential). Buyer to independently verify all permitted uses, non-conforming status, occupancy limits, and zoning compliance with the City of Longview during the inspection period. Financial statements and rent rolls available to qualified buyers upon request.
Showing Terms:
To minimize tenant disruption, initial showings are strictly limited to the exterior and one designated vacant unit. Access to occupied spaces will be provided upon an accepted purchase contract with standard tenant notice. Read Less
Courtesy of United Real Estate Frisco, Yaw Asante.
Listing Snapshot
Days Online
47
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: Asphalt
Appliances & Equipment
ElectricOven, GasOven, Microwave, Refrigerator
Building
Built in 1943, Year Built Details: Preowned, 7 buildings, Levels: Two, Construction Materials: Brick
Cooling
CeilingFans, WindowUnits
Expenses
Insurance: $1,500
Floors
Laminate, Linoleum, Tile
Foundation
PillarPostPier
Heating
NaturalGas, SpaceHeater
Income
Gross Income: $64,800, Net Operating Income: $41,398
Interior Features
Pantry, WalkInClosets
Lot
0.23 acres, Acreage
Parking
10 total parking spaces, Driveway, OffStreet, ParkingLot
