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- LoopNet Team
402 Willow St
Hallsville, TX 75650
Stonegate Apartments · Multifamily Property For Sale
·
80 Units
INVESTMENT HIGHLIGHTS
- Recently constructed with high-end interior finishes
- Immediate upside by increasing rents to market levels
- Priced below replacement cost
- 93.75 percent occupied / 96.25 percent leased
- 10 miles east of Longview and 14 miles west of Marshall
PROPERTY FACTS
| No. Units | 80 | Building Size | 74,800 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2017 |
| Building Class | B | Parking Ratio | 2.3/1,000 SF |
| Lot Size | 5.15 AC | ||
| Zoning | B | ||
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.15 AC |
| Building Size | 74,800 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 2017 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | B |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer Hookup
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Dining Room
- Freezer
- Pantry
- Patio
SITE AMENITIES
- Pool
ABOUT 402 WILLOW ST , HALLSVILLE, TX 75650
Distinctive Class A Apartment Community -Recently constructed -High-end interior finishes -Attractive unit mix with large floor plans Strong In-Place Returns -91.25 percent occupied -Attractive in-place yield with upside Upside Potential -Immediate upside by increasing rents to market levels -Ability to implement more aggressive marketing/leasing strategies to increase occupancy; Seller is currently self-managing the Property -Potential to add community amenities Strategic Location Within Market -Longview MSA (approximately 217,000 population) -10 miles east of Longview and 14 miles west of Marshall -One block south of major thoroughfare, US Hwy 80 Cash-to-Note Opportunity - Stonegate is being offered on a Cash-to-Note basis allowing a new investor to assume the attractive existing non-recourse debt of $6,000,000 with approximately 2 years of interest only payments left that matures in March 2029 Tours -Tours are strongly encouraged and will be offered on the below dates. To schedule please contact Jordan Cortez at 214.556.1951 or Justin Tidwell at 214.556.1955
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | - | 725 |
| 2+2 | 56 | - | 1,025 |
PROPERTY TAXES
| Parcel Number | R000037572 | Improvements Assessment | $8,465,771 |
| Land Assessment | $324,710 | Total Assessment | $8,790,481 |
PROPERTY TAXES
