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.
| MLS # | 59701546 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 9 |
| Listing Provided By | Texas Southern Real Estate LLC | Stacie Hoyt |
| SQ Feet | 12,816 |
|---|---|
| Story(s) | 2 |
| Units | 16 |
| Acreage | 55509.00 |
| Tax Annual Amount | 10209 |
|---|
| State | TX |
|---|---|
| County | Wharton |
| City | Wharton |
| Zip Code | 77488 |
| Area | 55 |
| Community Name | Wharton |
| Listing VS Median (in Wharton) | |
Price: $1,150,000 low | high Med: $264,950 sqft: 12,816 low | high Med: 2,690 $ / sqft: $90 low | high Med: $99 On site: 9 low | high Med: 95 | |
| State | TX |
|---|---|
| County | Wharton |
| City | Wharton |
| Zip Code | 77488 |
| Area | 55 |
| Community Name | Wharton |
| Listing VS Median (in Wharton) | |
Price: $1,150,000 low | high Med: $264,950 sqft: 12,816 low | high Med: 2,690 $ / sqft: $90 low | high Med: $99 On site: 9 low | high Med: 95 | |