237 E CULVER STREET, LONGVIEW, TX 75602
Homes for sale in Longview.
Homes for sale in 75602.
List Price$250,000
237 E Culver Street
Longview, TX 75602
Listing #21348049
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
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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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