Description

Rare Find in East Texas. Well maintained 30 unit complex with 15 duplexes all in the Piney Woods of East Texas. This jewel is located in between Tyler and Henderson and has been totally updated. Each unit is a 2 bedroom and 1.5 bath. All central heat and a/c with individual meters for electric, gas, and water. the owner just put a $65,000 driveway around the whole complex. High Pro-Forma cap rate for this kind of complex with even additional margins to be made if went section 8. This kind of real estate is not going to last long. Please verify all numbers before submitting a bid. Had it on the market for 2 days last time with a buyer. Buyer could not qualify financially, so we are re-listing it. Act fast will not last. No other property of this value and condition in this area.

In Piney East Texas in between Tyler, Kilgore, and Henderson.