Park Place Apartments | 429 Johnson St
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Park Place Apartments 429 Johnson St
24 Unit Block of Flats £899,818 (£37,492/Unit) Longview, TX 75602
Executive Summary
24 unit multi-family available in Longview! Nearly 100% occupied. Over 15.5K monthly gross rents! 23 of 24 units have been renovated!. ***Two Brand New Roof's Just Installed*** New kitchen cabinets in most units, granite c-tops, SS appliances, new fixtures, moldings, flooring, too many to list! Exterior remodel includes painting, wood accents, windows, fencing, approximately 50% of the AC units replaced and much more! Owner has put over 400K into renovating the property! On-site remodeled Laundry room with new tenant pay-for-use machines! Extra revenue generator!! Rare opportunity to own a large multi-family property for under 1.2 million! *Owner is exiting this territory due to proximity from corporate office in Plano* Email Wclark@OmniKeyTexas.com with any questions or offers.
***Owner successfully protested property taxes and reduced them significantly increasing cash-flow by $900 a month***
***Owner successfully protested property taxes and reduced them significantly increasing cash-flow by $900 a month***
Property Facts
| Price | £899,818 | Building Class | C |
| Price Per Unit | £37,492 | Lot Size | 1.03 AC |
| Sale Type | Investment | Building Size | 20,030 SF |
| No. Units | 24 | Average Occupancy | 87% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1974/2021 |
| Apartment Style | Low Rise |
| Price | £899,818 |
| Price Per Unit | £37,492 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 20,030 SF |
| Average Occupancy | 87% |
| Number of Floors | 2 |
| Year Built/Renovated | 1974/2021 |
Unit Amenities
- Heating
Site Amenities
- Laundry Facilities
- Security System
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 16 | £508.59 | 611 |
| 2+1 | 8 | £606.40 | 839 |
PROPERTY TAXES
| Parcel Number | 64183 | Improvements Assessment | £804,382 |
| Land Assessment | £5,704 | Total Assessment | £810,086 |
PROPERTY TAXES
Parcel Number
64183
Land Assessment
£5,704
Improvements Assessment
£804,382
Total Assessment
£810,086
zoning
| Zoning Code | Residential (Residential) |
| Residential (Residential) |
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Park Place Apartments | 429 Johnson St
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