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.
Property Details
Property Features
Property Information:
Year Built: 1982
Stories: 1
Living Area: 68,920 SqFt
Listing Office:
Office Name: Texas Real Estate Executives-Gladewater
Office Phone: (850) 933-9449
Listing Agent: Kelly Hale
Interior Features
Interior Information:
Appliances: Electric Oven, Electric Range, Refrigerator, Range
Flooring Type: Vinyl
Interior: Pantry
Bedroom and Bathroom Information:
Total Bedroom Count: 80
Exterior Features
Exterior Information:
Exterior: Fence, Wood Fence, Porch/Covered, Porch
Parking Information:
Parking: Paved
Lot Features
Lot Information:
Lot Size: 12.00 Acres
Utilities
Utilities Information:
Heating: Electric, Central
Cooling: Ceiling Fan(s), Central Air
Other
Directions Information:
Directions: 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
Price Information
Listing Price Info
Price Summary:
List Price: $6,200,000
Price Per SqFt: $90/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Henderson, TX.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:16:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$31K
Per Month
Principal & Interest
$30.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$18.6K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
William E Wylie Elementary School
1735 US Highway 259 S
Distance between this listing and this school1.93 miles
Public District Grades 1-3
2
/10
Northside Elementary School
800 N Van Buren St
Distance between this listing and this school3.31 miles
Public District Grades 4-5
5
/10
West Rusk Intermediate School
10705 S Main Hwy 42
Distance between this listing and this school11.39 miles
Public District Grades 3-5
Nearby Schools
3
/10
Henderson Middle School
501 Richardson Dr
Distance between this listing and this school1.95 miles
Public District Grades 6-8
7
/10
West Rusk Middle School
10705 S Main Hwy 42
Distance between this listing and this school11.33 miles
Public District Grades 6-8
5
/10
Leveretts Chapel Jr High School
8956 State Highway 42 N
Distance between this listing and this school14.90 miles
Public District Grades 6-8
Nearby Schools
3
/10
Henderson High School
1900 State Highway 64 W
Distance between this listing and this school3.65 miles
Public District Grades 9-12
6
/10
Carlisle School
8960 FM 13 W
Distance between this listing and this school7.84 miles
Public District Grades PK-12
6
/10
Laneville School
7415 Hwy 1798 W
Distance between this listing and this school9.99 miles
The neighbors living near this home have an average income of $47,188. Residents of Henderson, TX typically earn between $35k-100k each year. The most common type of family is married, with kids. Most residents in this area have high school diploma education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2900 S Fm 225 in Henderson, TX and zip code 75654. This 68,920 square foot home, which was built in 1982, sits on a 12.00 acre lot. Features: 80 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 11, 2024 and is currently priced at $6,200,000.
In November 2024 in Henderson, TX there were 5.4% more homes for sale than in October 2024. While the average time on the market in November 2024 was 118 days, the median list price was $266,450.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed. Copyright © 2024 Greater Tyler Association of REALTORS® All rights reserved. 
Motocross
Motocross
Extreme Sports
NASCAR
GameStop
Academy Sports & Outdoors
Dollar General
Sonic
Little Caesars
Cracker Barrel
Jeep
Chevrolet
Ram
Country
Contemporary Christian