501 Harris St, Kilgore, TX 75662

6,292 Lot Sqft

Multi-Family - 5 Plus

41 Day(s) on HAR.com

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Description

OM, rent roll and profit and loss statement are available, please reach out to David Tello. List Price: $650,000. 501 Harris St consists of 8 units averaging 787 square feet. This log cabin-style property offers one and two-bedroom floorplans. There are six 1-bedroom 1-bath units with 720 SF and two 2-bedroom 1.5-bathrooms with 986 SF. The property is currently 100% occupied. Effective rent growth has risen aggressively for the Longview area at 14.6% year-over-year over the last 3 years (CoStar). Same owner since 1993. CapEx -All exteriors were painted in 2023. -Three units (A, D, & E) have been renovated with wood-style flooring, new two-toned paint, ceiling fans, and new black appliances. Value-Add: -Five remaining classic units should be renovated to increase rents. -With light interior renovations estimated at $3K each, the new owner could raise the rents by $100 per unit per month.

MLS#

NTREIS-20670222

List Price

$650,000

Listing Status

For Sale

Address

501 Harris St

City

Kilgore

State

Zip Code

75662

County

Gregg County

Subdivision

S4790 - NORTH BROADMOOR

Property Type

Multi-Family - 5 Plus

Stories

Year Built

1975 /Appraisal District

Lot Size

6,292 Sqft./APPRAI

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PRESENTED BY

Brock Sanchez Platinum

4.99 / 5 (108 surveys)

Realty Associates

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Exterior

Roof

Composition, Shingle

Foundation

Slab

Private Pool

Exterior Type

Log

Parking

Asphalt

Utility

City Sewer, City Water, Electricity Available, Master Water Meter

Interior

Floors

Carpet, Luxury Vinyl Plank

Cooling

Central Air, Electric

Heating

Central, Electric

Appliances

Electric Oven, Electric Water Heater, Refrigerator

Interior

Open Floorplan

Lot information

Lot Size

6,292 Sqft. /APPRAI

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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

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Property tax

Cost/Sqft based on tax value

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Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.