3720 Sockwell Blvd - Apartments FOR SALE


Greenville, TX 75401
$865,000 USD
940-784-3334
3720 Sockwell Blvd, Greenville, TX for Sale
$865,000 USD
Apartments - FOR SALE
1/24
null | 7.28% Cap Rate

3720 Sockwell Blvd
Greenville, TX 75401


OVERVIEW

Rare opportunity to acquire a 10-unit multifamily asset in rapidly growing Greenville, TX. The property is 100% occupied offering immediate cash flow and clear upside through rent growth and ancillary income. Unit mix includes 8 one-bedroom units, 1 two-bedroom unit, and 1 three-bedroom unit, consisting of an 8-unit main building and a 2-unit carriage house. Interior units remodeled in 2021 and new owner has put in over $80,000 in additional property improvements. Property is professionally managed and can stay in place. Located across from a well-maintained public park, enhancing tenant demand and long-term desirability. No showings prior to contract. Do not disturb tenants.

FOR SALE DETAILS

PRICE

$865,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

10

PRICE/UNIT

$86,500

CAP RATE

7.28%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

45055

ASK ABOUT THIS PROPERTY

Greg ParksMilestone Premier PropertiesMore Info
940-784-3334

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Greg ParksMilestone Premier PropertiesMore Info
940-784-3334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.