Mays Realty Group
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SHARON MAYS
Mays Realty Group
License number: 0478869
phone: (817) 927-5357
mobile: (817) 721-3759
fax: (817) 796-1003
http://www.­maysrealty.­com
Fort Worth, Texas 76109
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Your Message:
429 Johnson St, Longview, Texas 75602, USA
List Price: $1,250,000
Sale price per sqm: 0 $
Status: ACT
MLS#: 21171462
Property type: Residential For Sale, Apartment
Land size: 1.03 sqft (0.1 m2)
Building Size: 24 sqft (2.2 m2)
Property Details
1974 Year Built:
Building or Complex name: 429 Johnson St Location:
Brick Construction:
Resale Condition:
vinyl Floors:
Fire Sprinklers Security Features:
city water, City sewer Utilities:
Central, Electric Heating System:
Central, Electric, Ceiling Fan Cooling System:
On Slab Basement and Foundation:
composition Roofing:
Parking / Garage
30 Number of parking spaces:
Parking Lot Parking type:
School Information
699 School District:
Bramlette Elementary School:
Longview High School:
Forrest Park Middle School:
Remarks
Exceptional opportunity to own a well-maintained, income-producing 24-unit apartment complex in a highly convenient South Longview location, just minutes from LeTourneau University, I-20, shopping, dining, and major employers. This property offers a versatile unit mix of eight two-bedroom, one-bath units and sixteen one-bedroom, one-bath units, appealing to a broad tenant base that supports consistently strong performance. Nearly every unit has been renovated, allowing a new owner to step into an already improved asset with minimal work remaining. Occupancy is a major highlight, as vacancy is not typical and normally operates 100% occupancy. Designed with investor efficiency in mind, the complex generates over $59,000 in annual profit - with room to increase with recent renovations. Electricity is individually metered, with tenants responsible for their own electric service, and residents contribute $70 per month plus RUBS (Ratio Utility Billing System) toward shared utilities such as water and trash, helping keep operating expenses predictable and controlled. An on-site, pay-for-use laundry facility provides an additional income stream, and the laundry building includes extra space on the opposite side that could serve as an on-site office, additional storage, or even a future amenity such as a small community gym or flex space. The property also features ample on-site parking and the added benefit of two roofs that have already been replaced. With recent renovations, strong occupancy history, multiple income streams, and future upside potential, this South Longview multifamily asset offers a compelling combination of stability, cash flow, and opportunity for continued value growth.


Listing by: Keller Williams Realty-Tyler

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