2900 Farm To Market 225

Henderson, TX 75654

$6,200,000
Price
80
Beds
3
Baths
68,920 Sq. Ft.
$90 / Sq. Ft.
68,920
Sq. Ft.
$90
per Sq. Ft.
front view of a house with a yard
front view of a house with a yard
front view of a house with a yard
an aerial view of residential houses with outdoor space
an aerial view of a house
an aerial view of a house with garden space and lake view
an aerial view of residential houses with outdoor space
a view of a yard with plants and large trees
a view of an empty room with wooden floor and a window
a bathroom with a sink and a mirror
a bathroom with a granite countertop sink toilet and shower
a kitchen with a sink and a stove top oven
a utility room with wooden floor washer and dryer
a view of an empty room with window and wooden floor
an empty room with wooden floor and windows
a view of an empty room with wooden floor
a view of an empty room with window and wooden floor
an empty room with a window and a fan
front view of a house with a yard
a view of a dining room with furniture window and outside view
a kitchen with granite countertop dining table chairs cabinets and stainless steel appliances
a workspace with furniture and window

Description

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...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.
  1. Listed by Kelly Hale • TREC #0759695 • Texas Real Estate Executives-Gladewater

Property Details for 2900 Farm To Market 225

Waterfront
No
Pets Allowed Y/N
Yes
Subdivision Name
None
ZONING
Multi Fam Dwelling 2 ½ St
LISTING UPDATED: 12/11/2024 03:24 PM

Property Details for 2900 Farm To Market 225

StatusActive
MLS #24016598
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1982
Lot Size12.00 AC / 522,720 SF
CountyRusk County

Building Information for 2900 Farm To Market 225

Stories1Residences80Year Built1982Building Size-Lot Size12.00 AC / 522,720 SF

Property Information for 2900 Farm To Market 225

Summary
Location and General Information
  • County: Rusk
  • Waterview: No
  • Directions (NO OFFICES): From Loop 571, Turn Left on US 79, Turn Rt onto FM 225 aka Laneville Hwy, Property is 1/2 mile down on right OR From US 79 N, Turn Left onto FM 225, Property will be on right
  • City: Henderson
  • State: TX
  • Geo Subdivision: TX
  • Lake Community: No
Taxes and HOA
  • Taxes: 109207.13
  • Tax Year: 2023
Parking
  • PARKING 2-4 FAMILY: 1 Or More Per Unit
School Information
  • Elementary: West Rusk
  • Middle School: West Rusk
  • High School: West Rusk
Property
Property and Assessments
  • Appraisal District Number: 4643,31140,10145
  • Class: MULTI-FAMILY
  • Year of Construction: 1982
  • DOCUMENTS ON FILE: Survey Plat, Boundary Survey, Aerial Photo, Field Notes
  • Foreclose/Bank Owned Y/N: No
  • EASEMENTS: None
  • Legal: See Remarks
Lot Information
  • Approx SqFt: 68920
  • Total Number of Acres: 12.0
  • Approx Lot Dimension: Unknown
Utilities
  • SEWER: Public Sewer
  • WATER: Public
  • INDIVIDUALLY METERED UTIL: Individual Electric Meter
  • Water Co: City
Interior and Exterior Features
Exterior Features
  • CONSTRUCTION: Brick and Wood
  • EXTERIOR: Patio Covered, Porch
  • DRIVEWAY: Paved
  • FENCING: Chain Link Fence, Partial Fence, Wood Fence
  • ROOF: Composition
  • FOUNDATION: Slab
Interior Features
  • FIREPLACE: None
  • COOLING: Central Electric
  • HEATING: Central Electric
  • LEVELS: 1 Story
  • INTERIOR: Ceiling Fan, Cable TV, Blinds, Smoke Alarm
  • FLOORING: Vinyl Plank
  • KITCHEN EQUIPMENT: Range/Oven-Electric, Free Standing Range, Pantry, Refrigerator
Multi Family
Multi-Family Information
  • # Units: 80.0
Income & Expenses Information
  • OWNERS EXPENSES: Gas, Insurance, Lawn Care, Maintenance Repairs, Taxes, Water/Sewer/Trash
Unit 1
  • Unit 1 # Bedrooms: 16
  • Unit 1 # Baths: 1
Unit 2
  • Unit 2 # Bedrooms: 48
  • Unit 2 # Baths: 1
Unit 3
  • Unit 3 # Bedrooms: 16
  • Unit 3 # Baths: 1
Rental
Rental Information
  • TENANT PAYS: Cable, Electric, Other/See Remarks

Property History for 2900 Farm To Market 225

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2900 Farm To Market 225

Taxable ValueLand$200,000Additions$1,894,340Total$2,094,340
Tax Record2022$53,697 ($4,475 / month)
Home Facts
Total Finished SqFt6,663 SqFtAbove Grade Finished SqFt6,663 SqFtStories1Lot Size177,986 SqFtStyleMulti-Family Dwelling (2-4)Year Built1982CountyRUSKAPN4643

Schools near 2900 Farm To Market 225

This home is within Henderson Independent School District.
Rating
School
Type
Grades
Distance
Northside Elementary School
Public - 4 to 5
Henderson Middle School
Public - 6 to 8
Henderson High School
Public - 9 to 12
William E Wylie Elementary School
Public - 1 to 3
Rating
School
Distance
Northside Elementary School
Public4 to 5

Henderson Middle School
Public6 to 8

Henderson High School
Public9 to 12

William E Wylie Elementary School
Public1 to 3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2900 Farm To Market 225, Henderson, TX 75654

2900 Farm To Market 225 is a multi-family home for sale in Henderson, TX 75654. This property was listed for sale on December 11, 2024 by Texas Real Estate Executives-Gladewater, it's currently listed at $6,200,000. This listing's school district is Henderson Independent School District. Nearby schools include Northside Elementary School, Henderson Middle School and Henderson High School. 2900 Farm To Market 225 is a 80-bed, 3-bath, 68,920 sqft multi-family home built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Texas Real Estate Executives-Gladewater, Kelly Hale

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 12/11/2024 03:24 PM