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.
This duplex is situated on a residential lot within the city limits of Wharton and features two separate units under one roof. The structure is a single-story building with a traditional layout, each unit offering its own private entry. The exterior includes a combination of siding materials, a pitched roofline, and a standard driveway approach from W Burleson Street. The lot provides a front yard area with additional open space toward the rear of the property. The surrounding neighborhood consists of single-family homes and small multifamily structures with convenient access to local schools, parks, and community amenities.
This duplex at 611 & 615 Reed offers an excellent investment opportunity with two separate units, both currently tenant-occupied. The first unit features 2 bedrooms and 1.5 bathrooms, while the second unit includes 3 bedrooms, 2 bathrooms, a laundry room, and an attached garage. Both units provide comfortable living spaces and strong rental potential. Perfect for investors or buyers seeking a multi-family property with immediate rental income.
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Wharton is located in Texas. Wharton, Texas has a population of 8,595. Wharton is less family-centric than the surrounding county with 20.61% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Wharton, Texas is $42,555. The median household income for the surrounding county is $53,963 compared to the national median of $69,021. The median age of people living in Wharton is 35.3 years.
The average high temperature in July is 93.6 degrees, with an average low temperature in January of 42.4 degrees. The average rainfall is approximately 47.4 inches per year, with 0 inches of snow per year.