5518 W Loop 281 | Longview, TX 75602
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- LoopNet Team
5518 W Loop 281
Longview, TX 75602
Townhouse South Apartments · Residential Property For Sale · 89 Units
Investment Highlights
- The property is located just a mile north of Interstate 20 off of Loop 281, a major thoroughfare in the Longview MSA.
- Ability to increase rents to market levels through interior value-add program.
- Currently 90 percent occupied, the property is below the market occupancy rate of 94.3 percent, allowing for potential increased rental income.
- Multifamily rents in the Longview market have increased 12.2 percent year-over-year.
PROPERTY FACTS
| No. Units | 89 | Lot Size | 6.10 AC |
| Property Type | Residential | Building Size | 67,407 SF |
| Property Subtype | Apartment | Average Occupancy | 90% |
| Apartment Style | Garden | Number of Floors | 1 |
| Building Class | C | Year Built | 1962 |
| No. Units | 89 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.10 AC |
| Building Size | 67,407 SF |
| Average Occupancy | 90% |
| Number of Floors | 1 |
| Year Built | 1962 |
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Courtyard
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Maintenance on site
- Public Transportation
PROPERTY TAXES
| Parcel Number | 43842 | Improvements Assessment | £3,346,241 |
| Land Assessment | £41,619 | Total Assessment | £3,387,860 |
PROPERTY TAXES
Parcel Number
43842
Land Assessment
£41,619
Improvements Assessment
£3,346,241
Total Assessment
£3,387,860
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