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717 S Green St
Longview, TX 75602
Evergreen Estates · Multifamily Property For Sale
·
94 Units
Investment Highlights
- Attractive Below Market Basis
- Renovate & Lease Down Units
- Over $1 Million in Capital Improvments
- Rents Below Fair Market Rate
Executive Summary
Marcus & Millichap is pleased to present the exclusive listing of Evergreen Estates. Built in 1967, the complex sits on 4.77 acres, and is conveniently located along South Green Street in Longview, Texas.
The property is one mile from Downtown, across from Timpson Recreation Park, and a short drive from two regional hospitals, Pinecrest Country Club, the Longview Mall, and major employers.
The 94-unit community offers affordable living in one of Texas’ fastest-growing regions. Evergreen Estates features flexible accommodations with floor plans averaging 808 square feet.
Current owner reports more than $1,000,000 in capital improvements including upgraded chiller system, roof replacements, electrical updates, stairwells, signage, flooring, appliances, paint, and landscaping.
Evergreen Estates presents the opportunity to create significant value renovating and leasing down units, implementing utility reimbursement (RUBS), reducing loss-to-lease, and increasing occupancy to market levels.
Given the recent economic expansion and job creation with Ninth Avenue Foods, Dollar General Distribution Center and Gap, Inc. Customer Service Center, Longview is poised for strong growth and exceptional returns.
Evergreen Estates is offered ‘free and clear’ allowing new ownership to secure the most attractive financing available.
The property is one mile from Downtown, across from Timpson Recreation Park, and a short drive from two regional hospitals, Pinecrest Country Club, the Longview Mall, and major employers.
The 94-unit community offers affordable living in one of Texas’ fastest-growing regions. Evergreen Estates features flexible accommodations with floor plans averaging 808 square feet.
Current owner reports more than $1,000,000 in capital improvements including upgraded chiller system, roof replacements, electrical updates, stairwells, signage, flooring, appliances, paint, and landscaping.
Evergreen Estates presents the opportunity to create significant value renovating and leasing down units, implementing utility reimbursement (RUBS), reducing loss-to-lease, and increasing occupancy to market levels.
Given the recent economic expansion and job creation with Ninth Avenue Foods, Dollar General Distribution Center and Gap, Inc. Customer Service Center, Longview is poised for strong growth and exceptional returns.
Evergreen Estates is offered ‘free and clear’ allowing new ownership to secure the most attractive financing available.
Property Facts
| Price Per Unit | $48,936 | Lot Size | 4.77 AC |
| Sale Type | Investment | Building Size | 76,046 SF |
| No. Units | 94 | Average Occupancy | 52% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1967/2025 |
| Apartment Style | Garden | Parking Ratio | 2.41/1,000 SF |
| Building Class | C | ||
| Zoning | Multi-Family Apartments | ||
| Price Per Unit | $48,936 |
| Sale Type | Investment |
| No. Units | 94 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.77 AC |
| Building Size | 76,046 SF |
| Average Occupancy | 52% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2025 |
| Parking Ratio | 2.41/1,000 SF |
| Zoning | Multi-Family Apartments |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Breakfast Nook
- Patio
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Storage Space
- Maintenance on site
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 26 | - | 624 |
| 2+1 | 68 | - | 880 |
Property Taxes
| Parcel Number | 33898 | Improvements Assessment | $5,446,570 |
| Land Assessment | $103,780 | Total Assessment | $5,550,350 |
Property Taxes
Parcel Number
33898
Land Assessment
$103,780
Improvements Assessment
$5,446,570
Total Assessment
$5,550,350
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