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NoAgentList RatingHow are grades calculated?

174Days on Market

1view

$149,000

400 E Cotton St, Longview, TX, 75601

$193,700 ARV

On Market

4 Beds

4 Bath

2,112 Sq Ft

Duplex

$70.08 / sqft

Built in 1946

Property Lead Type:

Must-SellARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

Heating Floor/Wall

AppliancesElectric Oven, Refrigerator

FlooringCombination, Laminate, Linoleum

Exterior

Exterior FeaturesBalcony

Lot Size8,560 sqft

Building Information

Year Built1946

Stories1

Roof Type109

Land Information

APN1400000142-019-00-02

Lot Number19

SubdivisionBoring Leak

Land UseResidential

Legal DescriptionLTS 19; 20; & 21A BLK 4 BORING LEAK (NCB 142) (AKA TR 31)

Census Tract001100

Assessed Land Value$6,850

Assessed Improvement Value$117,480

Assessment Year2025

About this property

Seller will Finance! $20K down, 6.95% interest rate. $1,000 Monthly Payment. Stay on one side and rent the other side.. Investment Opportunity Near Downtown Longview. Discover this high-performing duplex located just minutes from the heart of downtown. This property features two identical units, each offering a spacious 2-bedroom, 2-bathroom layout. Designed for durability and low maintenance, the building is equipped with a modern corrugated metal roof. Key Highlights: Income Generator: Both sides rent easily at $850 per month, per side. Convenient Parking: Situated on a large lot providing ample space for off-street parking. Ready for Inspection: One unit has been kept vacant specifically to allow for easy showings without disturbing tenants Flexible Purchase Options: This property is available via Seller (Owner) Financing. Whether you are looking to expand your rental portfolio or seeking a house hack opportunity, this well-maintained duplex is a must-see.

Investor Tools

$148,000

Estimated Property Value

$32,500Estimated Mortgage Balance

$122,256Estimated Equity

78% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$193,700

Rent-to-Value Ratio: 0.72%

Rent Estimate

$894 /month

Positive

Cash Flow Estimate:

$298 /month

Interested in this property?

Yaw Asante

United Real Estate Frisco

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$262/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,400

$124,330

2025

$6,850

$117,480

$124,330

Tax History

Year

Tax Paid

Assessed Value

2024

$2,400

$124,330

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wjr Properties Llc Series 6c

Assumption

$32,500

Yes

First

Jul 2, 2016

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$25,744

$122,256

82%

17%

$195/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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