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For sale
  • $6,200,000

    2900&2902 S Dm #225, Henderson, TX 75654

    --beds
    --baths
    --sqft
    : 
    Duplex
    Built in 1982
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Maintenance shopVariety of floorplansSeveral storage areasLaundry facilityOnsite leasing office
    Outstanding Investment Potential! Welcome to Southern Hills Duplex Apartments, a lucrative investment opportunity where comfortable and convenient living come together. This multi-family apartment community offers an attractive living experience on the outskirts of Henderson TX. With a variety of floorplans, this duplex apartment community offers 1, 2, and 3 bedroom layouts; with the making up of 80 livable units, an onsite leasing office, laundry facility, maintenance shop and several storage areas throughout the community. An excellent location, situated on 10-1/2 landscaped acres and a peaceful country setting, you are just minutes away from shopping and dining, making a daily commute a breeze. As an upside potential, there is room for rent increases and the possibilities of value-add opportunities, an investment with the likelihood for increased returns. For the duration of the past 10 years, the property has been professionally managed, ensuring tenants’ satisfaction and property upkeep, with preventative maintenance performed as well as prompt attention to all work order repairs asked of the tenants; minimizing capital expenditures for the new owner. Each of the 42 buildings had new roofs replaced in June 2023, with a 20 year shingle and comes with a transferrable warranty to the new owner. This multi-family duplex community represents a fantastic investment opportunity with a history of strong financial performance and extended stay tenants. Whether you are an experienced investor or new to real estate, this property offers a secure and rewarding venture. Call today to schedule your private showing. Seller has a current survey on file for each address. 2902 FM 225 S, is the adjacent lot, offering an additional 1.5 acres, for a total of 12 acres for the new buyer. The vacant lot has utilities in place and room to build additional rentals or add amenities if desired. The lot is currently zoned multi-family.
    137 days
    on Zillow
    |
    99
    |
    3
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 25, 2025 at 05:20pm

    Listed by:

    Kelly Hale 903-235-2014,

    Texas Real Estate Executives, The Daniels Group - Gladewater

    Source: LGVBOARD,MLS#: 20247442MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 2900&2902 S Dm #225.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Range/Oven, Free Standing Range/Oven, Vented Exhaust Fan, Refrigerator, Electric Water Heater, Separate Heater
    • Laundry: Gas Dryer Hookup, Common Area
    Features
    • Pantry, Ceiling Fan(s), High Speed Internet
    • Flooring: Vinyl
    • Windows: Shades/Blinds
    • Has fireplace: No
    • Fireplace features: None

    Property

    Parking
    • Parking features: No Garage, Parking Pad
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Covered
    • Fencing: Partial
    Lot
    • Features: Landscaped
    Details
    • Additional structures: Workshop
    • Parcel number: 4643,31140,10145

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Composition,Gable
    Condition
    • Year built: 1982

    Utilities & green energy

    • Electric: Separate Meter-Electric, Electric, Separate Meter, City
    • Gas: Gas, Centerpoint
    • Sewer: Public Sewer
    • Water: City Water, City
    • Utilities for property: Cable Available, Electricity Available

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    Location
    • Region: Henderson

    Financial & listing details

    • Annual tax amount: $109,207
    • Price range: $6.2M - $6.2M
    • Date on market: 12/10/2024
    • Listing terms: Cash,Assume-Qualify,Conventional
    • Tenant pays: Electricity
    • Road surface type: Paved
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