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$6,200,000 Sale Pending
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Property Description
Outstanding Investment Potential! Welcome to Southern Hills Duplex Apartments, a lucrative investment opportunity where comfortable and convenient living come together. This multi-family apartment community offers an attractive living experience on the outskirts of Henderson TX. With a variety of floorplans, this duplex apartment community offers 1, 2, and 3 bedroom layouts; with the making up of 80 livable units, an onsite leasing office, laundry facility, maintenance shop and several storage areas throughout the community. An excellent location, situated on 10-1/2 landscaped acres and a peaceful country setting, you are just minutes away from shopping and dining, making a daily commute a breeze. As an upside potential, there is room for rent increases and the possibilities of value-add opportunities, an investment with the likelihood for increased returns. For the duration of the past 10 years, the property has been professionally managed, ensuring tenants satisfaction and property upkeep, with preventative maintenance performed as well as prompt attention to all work order repairs asked of the tenants; minimizing capital expenditures for the new owner. Each of the 42 buildings had new roofs replaced in June 2023, with a 20 year shingle and comes with a transferrable warranty to the new owner. This multi-family duplex community represents a fantastic investment opportunity with a history of strong financial performance and extended stay tenants. Whether you are an experienced investor or new to real estate, this property offers a secure and rewarding venture. Call today to schedule your private showing. Seller has a current survey on file for each address. 2902 FM 225 S, is the adjacent lot, offering an additional 1.5 acres, for a total of 12 acres for the new buyer. The vacant lot has utilities in place and room to build additional rentals or add amenities if desired. The lot is currently zoned multi-family.
Full Property Details
Full Property Details for 2900 S Fm 225
General
- Price: $6,200,000
- Taxes: $109,207 (2023)
- Status: Pending
- Type: Duplex
- Source: Tyler_MLS
- MLS ID: 24016598
- Updated: 12/10/2025
- Added to Site: 403 day(s) ago
Interior
- Interior Features: Ceiling Fan, Cable TV, Blinds, Smoke Alarm
- Fireplace(s): None
- Appliances: Range/Oven-Electric, Free Standing Range, Pantry, Refrigerator
- Flooring: Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 3
Exterior
- Exterior Features: Patio Covered, Porch
Parking
- Parking: 1 Or More Per Unit
Location
- County: Rusk
- Subdivision: None
- Driving Directions: From Loop 571, Turn Left on US 79, Turn Rt onto FM 225 aka Laneville Hwy, Property is 1/2 mile down on right OR From US 79 N, Turn Left onto FM 225, Property will be on right
School Information
- Elementary School: West Rusk
- Middle School: West Rusk
- High School: West Rusk
Community
- Pets Allowed: Yes
Heating & Cooling
- Cooling Type: Central Electric
- Heating Type: Central Electric
Utilities
- Sewer: Public Sewer
- Water Company: City
- Water: Public
- Metering: Individual Electric Meter
Structural Information
- Exterior Const.: Brick and Wood
- Foundation: Slab
- Roof: Composition
- Square Feet: 68,920
- Sq. Ft. Source: CAD
- Year Built: 1982
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 16
Unit 2
- Total Bathrooms: 1
- Bedrooms: 48
Unit 3
- Total Bathrooms: 1
- Bedrooms: 16
Lot Features
- Lot Size (Acres): 12
- Driveway/Sidewalk: Paved
- Zoning: Multi Fam Dwelling 2 ½ St
- Fencing (Description): Chain Link Fence, Partial Fence, Wood Fence
Financial Considerations
- Tax Amount: $109,207
- Tax Year: 2023
- Terms: Assumption, Cash, Conventional, Must Qualify
- Landlord Pays: Gas, Insurance, Lawn Care, Maintenance Repairs, Taxes, Water/Sewer/Trash
- Tenant Pays: Cable, Electric, Other/See Remarks
Disclosures and Reports
- Special Conditions: None
- Docs Filed: Aerial Photo, Boundary Survey, Field Notes, Survey Pl
Listed by Texas Real Estate Executives-Gladewater, Kelly Hale
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Schools
Schools serving 2900 S Fm 225
School District:West Rusk County Consolidated Independent School District
| Name | Grades | Distance |
|---|---|---|
West Rusk Elementary School 10705 S Main, New London, TX 75682 | PK-2 | 11.1 mi |
West Rusk Middle School 10705 S Main Hwy 42, New London, TX 75682 | 6-8 | 11.1 mi |
West Rusk High School 10705 S Main Hwy 42, New London, TX 75682 | 9-12 | 11.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2900 S Fm 225
Date
Details
Price
Change
Source
12/10/2024
Listed
$6,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2900 S Fm 225
Year
Property Taxes
Change
Tax Assessment
Change
2022
$205
—
$225,000
18%
2022
$205
-93%
$190,000
9%
2021
$3,034
—
$173,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2900 S Fm 225
2900 S Fm 225, Henderson, TX 75654 (MLS# 24016598) is a Duplex property with 0 bedrooms and 0 full bathrooms. 2900 S Fm 225 is currently listed for $6,200,000 and was received on December 10, 2024. Want to learn more about 2900 S Fm 225? Do you have questions about finding other Duplex real estate for sale in Henderson? You can browse all Henderson real estate or contact a Coldwell Banker agent to request more information.

