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Listing provided courtesy of Keller Williams Realty-Tyler- MLS# 21248557MLS ProviderContact Information: Kayla Riggs - 903-262-4248

307 N Henry StreetLindale, TX 75771

Multi-Family · 2 Beds · 2 Full Baths · 16,890 Sq. ft. | 0.54 Acres
$2,750,000 Active

307 N Henry Street Overview

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This recently built apartment complex in Lindale offers a rare opportunity to own a fully occupied, income-producing property in a highly desirable and growing area. Consisting of two buildings with a total of 15 units, this well-maintained complex is 100% occupied and designed with both investor return and tenant comfort in mind. The unit mix includes eleven 2 bed, 2.5 bath units at 1,160 sq ft, along with four 1 bed, 1.5 bath units at 900 sq ft. Each unit features a fresh, modern design with spacious layouts and access to a private fenced backyard area - an added feature that sets this property apart and enhances tenant appeal. Tenants pay all utilities, helping maximize efficiency and simplify management. Ideally located in Lindale school district, the property is just minutes from local shopping, dining, and amenities, with convenient access to Tyler and I-20 for easy commuting to surrounding cities. With strong occupancy, desirable unit features, and a prime location, this is an exceptional investment opportunity in the heart of East Texas!

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307 N Henry Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 16,890
  • Price/Sq.ft. $163
  • Lot 0.54 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Lindale ISD
  • Elementary School: Penny
  • Middle Or Junior School: Moss
  • High School: Lindale

Income/Expenses

  • Gross Income: 230036.0
  • Insurance Expense: 20400.0
  • Net Operating Income: 139158.0

Building Information

  • Year Built: 2020
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Smith
  • Postal City: LINDALE
  • Subdivision Name: CITY OF LINDALE

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 130000001400008010
  • Property Sub Type: Apartment
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 2

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 16890.0

General Information

  • Appliances: Dishwasher,Electric Range,Disposal,Microwave
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Tile,Wood
  • Foundation Details: Slab
  • Interior Features: Open Floorplan
  • Levels: Two
  • Living Area: 16890.0
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Concrete,On Site,Paved
  • Parking Total: 30.0

Lot Information

  • Lot Size Acres: 0.539
  • Lot Size Area: 0.539
  • Lot Size Square Feet: 23478.84
  • Lot Size Units: Acres
  • Number Of Buildings: 2
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Wood Siding
  • Patio And Porch Features: Balcony
  • Roof: Composition

General Information

  • Carport: No
  • Exterior Features: Balcony
  • Fencing: Metal,Wood
  • Number Of Units Total: 15
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available

Unit Information

Unit 2 Details

  • Unit Type: 1 Bedroom
  • Units Total: 4

Unit 1 Details

  • Unit Type: 2 Bedroom
  • Units Total: 11

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

307 N Henry Street Market Data

Based on the last 30 days in this zip code

$456,195
Average List Price
$204
Average Price per Square Foot
22
Properties Sold
89
Average Days on Market
474
Properties for Sale
Calculations provided by Reliance Network


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