513 E Caney St, Wharton, TX 77488

$1,150,000
12,816
SqFt

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List Price
$1,150,000
Status
ACTIVE
MLS#
59701546
Days on Market
72
Year Built
1940
Living Area
12,816
Lot Size
55,509
Lot Size Source
Appraiser
Subdivision
Wharton
Region
55
County
Wharton

Property Description

Well-kept 16-unit apartment community in the heart of Wharton, currently 100% occupied and performing with strong, stable rental income. Fifteen of the sixteen units have been updated, offering clean and functional living spaces that attract long-term tenants. The property sits on a spacious tract with room to add additional units, creating an excellent value-add opportunity for investors. Conveniently located near shopping, dining, schools, and major town amenities, 513 Caney Apartments delivers reliable occupancy, modern updates, and expansion potential in a high-demand rental market.

Additional Information

Finance Available
Cash, Conventional, Investor Financing
Taxes
$10,209
Heating
Central, Electric
Cooling
Central Air, Electric
Stories
2
Roof
Composition
School District
Wharton
Elementary School
Cg Sivells/Wharton Elementary School
Middle School
Wharton Junior High
High School
Wharton High School

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Listing courtesy of Texas Southern Real Estate LLC.