Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Spring Creek Apartments. Built in 1967, Spring Creek sits on 4.77 acres, and is conveniently located along South Green Street in Longview, Texas. The property is one mile from downtown, across from Timpson Recreation Park, and a short drive from two regional hospitals, Pinecrest Country Club, the Longview Mall, and major employers. The 94-unit community offers affordable living in one of Texas’ fastest-growing regions. Spring Creek features flexible accommodations with floor plans averaging 808 square feet. Current ownership has spent over $628,000 in capital improvements including (reported by seller) roofs, windows, flooring, appliances, and new chiller system. Spring Creek presents the opportunity to create significant value with unit upgrades offering open floor plans, updated kitchen, new appliance package, modern paint, and vinyl plank flooring. Given the recent economic expansion and job creation with Dollar General Distribution Center and Gap, Inc. Customer Service Center, Longview is poised for strong growth and exceptional returns. Spring Creek is offered on an all-cash basis, so an investor can take advantage of unrestricted financing options with competitive interest rates.