237 E Culver-wrong Street Longview, TX 75602
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision South Highlands
MLS Listing ID 21352674
Bedrooms 8
Full Baths 7
HOA Y/N None
Total Fin. Sqft 3357
Year Built 1943
Annual Tax Amount $2,763
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Apartment
Property Description
Solid income-producing 7-unit Class C multi-family investment opportunity in Longview, located near LeTourneau University. Situated across two multi-story buildings on a mature, shaded 0.23-acre lot, this property presents a compelling value-add play for hands-on investors ready to modernize a well-located rental asset.
Property Highlights:
- Unit Mix: 7 total units (combination of 1BD, 1BA and 2BD, 1BA layouts) across 3 separate structures
- Livable Space: 3,357 SF combined gross living area
- Gross Income: $5,400 per month ($64,800 per year) actual gross rent
- Layout and Access: Dedicated off-street driveway access servicing front and rear buildings
- Zoning and Utilities: Zoned for multi-family use; City of Longview water, sewer, electric, and gas
Location: Situated between S. Green St and S. Mobberly Ave corridors, convenient to LeTourneau University
Site Features: FEMA Flood Zone X (outside 100-year floodplain); no known adverse easements or encroachments
Investment and Seller Financing Terms:
Asking Price: $250,000 (Sold As-Is)
Seller Financing Terms: $20,000 down payment; 7.0 percent Interest Rate; $1,530 per month P&I (30-year amortization schedule with an 8-year balloon payment)
Buyer Incentive: Includes 90 days of post-closing transitional property management assistance to ensure seamless tenant onboarding, rent collection continuity, and operational handoff.
Showing Instructions:
To minimize disruption to active tenants, initial showings are strictly limited to the exterior and one designated vacant unit. Full access to occupied units will be granted upon an accepted purchase contract. Please contact Property Manager Kim at (903) 355-1849 to schedule an accompanied viewing.
Buyer to independently verify all information, including square footage, unit counts, financial records, utility setups, and physical property condition.
Location
State TX
County Gregg
Direction Use GPS
Interior
Interior Features Pantry, Walk-In Closet(s)
Heating Natural Gas, Space Heater
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Laminate, Linoleum, Tile
Appliance Electric Oven, Gas Oven, Microwave, Refrigerator
Heat Source Natural Gas, Space Heater
Exterior
Utilities Available Asphalt, Cable Available, City Sewer, City Water, Electricity Connected, Master Gas Meter, Master Water Meter
Roof Type Asphalt,Shingle
Garage No
Building
Lot Description Acreage
Story Two
Foundation Pillar/Post/Pier
Level or Stories Two
Structure Type Brick,Siding
Schools
Elementary Schools Doris Mcqueen
Middle Schools Foster
High Schools Longview
School District Longview Isd
Others
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21352674
