Newly renovated 14 unit apartment complex. (9) 1bd/1ba (5) 2bd/1ba. Recent complete renovation down to studs, all new electrical, plumbing, HVAC. All new appliances, cabinets, fixtures, etc. Luxury vinyl tile throughout. Each unit is separately metered, tenants pay electricity, landlord pays water. Property runs at relatively low expenses. Property has room to build additional units if desired. Current rent is $120,600/yr with room to increase some of the rents. Priced at just over 8% cap rate.
Off market
$431,390
700 W Upshur Ave, Gladewater, TX 75647
--beds
0baths
5,393sqft
MultiFamily
Built in 1950
-- sqft lot
$-- Zestimate®
$80/sqft
$867 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Other
Features
- Flooring: Tile, Carpet
Interior area
- Total interior livable area: 5,393 sqft
Property
Parking
- Parking features: Carport
Features
- Exterior features: Stucco
Lot
- Size: 0.32 Acres
Details
- Parcel number: 46800000010030001
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Piers
- Roof: Tile
Condition
- Year built: 1950
Utilities & green energy
- Utilities for property: Separate Meter-Electric, Tenant Pays Electric
Community & neighborhood
Location
- Region: Gladewater
Other
Other facts
- APPLIANCES: Electric Range/Oven, Dishwasher, Refrigerator
- COOLING: Central, Electric
- FOUNDATION STYLE: Slab, 2 Story
- HEATING: Central, Electric
- UTILITIES: Separate Meter-Electric, Tenant Pays Electric
- UTILITY TYPE: Electric
- WATER HEATER: Electric, Separate Heater
- WATER/SEWER: City Water
- Roof: Composite, Built-Up
- Type: Apts/Studio
- INTERIOR: Shades/Blinds, Vinyl Flooring
- UTILITY/LAUNDRY: Inside Room
- EXTERIOR FEATURES: Storage Building
- Effective Age: 50+
- Class: MULTI-FAMILY
- SPECIAL INFORMATION: Owner Agent
- Construction: Stone/Concrete