3720 Sockwell Blvd - Apartments FOR SALE


Greenville, TX 75401
$780,000 USD
940-784-3334
3720 Sockwell Blvd, Greenville, TX for Sale
$780,000 USD
Apartments - FOR SALE
1/24
null | 8.87% Cap Rate

3720 Sockwell Blvd
Greenville, TX 75401


OVERVIEW

Rare opportunity to acquire a fully occupied 10-unit multifamily asset in rapidly growing Greenville, TX. The motivated seller has recently implemented a price improvement, creating an attractive entry point for investors seeking immediate cash flow with additional upside through rent growth and ancillary income opportunities. The unit mix includes 8 one-bedroom units, 1 two-bedroom unit, and 1 three-bedroom unit, comprised of an 8-unit main building and a 2-unit carriage house. Interior renovations were completed in 2021, with the current owner investing over $80,000 in additional capital improvements. The asset is professionally managed, with management in place for a seamless transition if desired. Ideally located across from a well-maintained public park, enhancing tenant appeal and long-term demand. No showings prior to executed contract. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$780,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

10

PRICE/UNIT

$78,000

CAP RATE

8.87%

% 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.