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Larry Cedillo

larrycedillo.broker@gmail.com +1(281) 746-1512

$1,150,000

Est. payment - /mo

12,816 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 12,816 sqft

Price per Sqft $89

Subdivision Wharton

MLS Listing ID 59701546

HOA Y/N No

Year Built 1940

Annual Tax Amount $10,209

Tax Year 2025

Property Sub-Type Detached

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.

Location

State TX

County Wharton

Interior

Heating Central, Electric

Cooling Central Air, Electric

Fireplace No

Exterior

Roof Type Composition

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Schools

Elementary Schools Cg Sivells/Wharton Elementary School

Middle Schools Wharton Junior High

High Schools Wharton High School

School District 180 - Wharton

Others

Tax ID R26234

Acceptable Financing Cash, Conventional, Investor Financing

Disclosures Seller Disclosure

Listing Terms Cash, Conventional, Investor Financing

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Houston Realtors Information Service / HAR MLS

Listed by Texas Southern Real Estate LLC Stacie Hoyt

NEARBY SCHOOL & BUSINESS

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Vicky Cedillo

+1(832) 797-6431

Brokerage Owner License ID: 607705

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513 E Caney ST Wharton, TX 77488