237 E CULVER STREET, LONGVIEW, TX 75602

Homes for sale in Longview.

Homes for sale in 75602.


Active

List Price$250,000

237 E Culver Street

Longview, TX 75602

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21348049

3,357

Square Feet

7

Number of Units

Commercial

Type

About This Property

7-Unit Multi-Family Investment - Longview, TX - Seller Financing and 90-Day Management Support 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.

Property Features

Location Information

County

Gregg

Subdivision

South Highlands

Interior Features

Has Fireplace

No

Floors

Laminate, Linoleum, Tile

Heating

Natural Gas, Space Heater

Tenant Pays

Cable TV

Cooling

Ceiling Fan(s), Window Unit(s)

Total Number of Units

7

Exterior Features

Construction

Brick

Lot Size in Sq. Ft.

10,018

Foundation

Pillar/Post/Pier

Possible Best Use

Hotel/Motel

Roof

Asphalt, Shingle

Zoning

Multi Family

Utilities

Cable Available, Electricity Connected, Natural Gas Available, Sewer Available, Water Available

Building Total Area (Sq. Ft.)

3,357

Parking Description

Driveway, Off Street, Parking Lot

Road Description

Asphalt

Lot Description

Acreage

Is One Story

No

Lot Size in Acres

0.23

Lot Description

Acreage

Additional Information

Year Built Details

Preowned

Status

Active

Property Type

COM

Tax Annual Amount

2763.0

Property SubType

Business

Lot Acres Source

Assessor

Year Built

1943

Similar Listings

Mortgage Calculator

$1,166

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$900

Monthly Tax

$208

Monthly Insurance

$58

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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