About this property

Attention Investors! This unique income-generating property in Carthage, Texas, includes a 10-unit apartment complex, along with additional acreage with great potential for various uses. There is also a 3-bedroom, 2-bath brick home on the same tract. The house is being sold separately as a residential property under LAAR MLS #20246137. The seller prefers to sell both to the same buyer. Situated on approximately 7.5 acres, with an additional adjacent property interest bringing the total to 11.25 acres. Explore the full property with the virtual tour link. The apartment complex consists of 10 tenant-occupied units, each approximately 500 square feet. Three of the units are 2-bedroom, 1-bath, while the remaining seven units are 1-bedroom, 1-bath. The property maintains high occupancy, ensuring steady cash flow. The owner actively manages repairs as needed and upon tenant turnover. Utilities are structured with the owner covering water and trash, while tenants pay for their own electricity, except for one unit that has slightly higher rent to compensate. This is a turnkey investment with immediate income potential and room for expansion. Don’t miss this opportunity to acquire a fully leased property with development possibilities.