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$634,900
Est. payment /mo
11,122 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 11,122 sqft
Price per Sqft $57
Subdivision Tx
MLS Listing ID 25007912
Lot Size 0.730 Acres
Acres 0.73
Lot Dimensions 31625
Property Sub-Type Building
Property Description
Prime Investment Opportunity in Downtown Gladewater – Fully Leased 8-Unit Multifamily Property with Expansion Potential! Located just steps from the shops, dining, and charm of historic downtown Gladewater, this exceptional 8-unit apartment complex offers immediate cash flow with exciting future upside. Built in 1932, this two-story property is full of character and has been thoughtfully maintained to appeal to long-term tenants and savvy investors alike. The property features a mix of 1-bedroom and 2-bedroom units, all currently leased, along with on-site laundry facilities, plenty of off-street parking, large storage rooms for tenant use, and RV parking with electrical hookups—providing an additional income stream and appealing to both traveling professionals and extended-stay tenants. An investor's dream, this property also includes over 4,100 square feet of unused building space, offering a rare opportunity to add value. Whether you're considering additional residential units, office or retail space, short-term rentals, or tenant amenities, this space gives you the flexibility to grow your investment and increase returns. Situated in a high-demand rental area, this property is a turn-key asset with current occupancy and strong rental appeal—perfect for both seasoned investors and those looking to expand their portfolio. Don't miss out on this rare opportunity in one of East Texas's most charming downtown districts—schedule your private tour today!
Location
State TX
County Gregg
Area Gregg
Zoning Commercial,Multi Family Dwelling
Interior
Cooling Central Electric
Exterior
View Y/N No
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Charlotte Williams • Keller Williams Realty-Tyler