3720 Sockwell Blvd - Apartments FOR SALE


Greenville, TX 75401
$649,900 USD
940-784-3334
3720 Sockwell Blvd, Greenville, TX for Sale
$649,900 USD
Apartments - FOR SALE
1/19
null | 10.65% Cap Rate

3720 Sockwell Blvd
Greenville, TX 75401


OVERVIEW

**Significant Price Reduction!** Don't miss this rare opportunity to acquire a fully occupied 10-unit multifamily asset in the rapidly growing Greenville, TX market. The seller has implemented an aggressive price reduction, creating an exceptional opportunity to purchase a stabilized investment property at an attractive price. The property is being offered **AS-IS**, making it an excellent opportunity for investors seeking long-term value and upside potential. The property features a diverse unit mix of 8 one-bedroom units, 1 two-bedroom unit, and 1 three-bedroom unit, consisting of an 8-unit main building and a separate 2-unit carriage house. Interior renovations were completed in 2021, and the current owner has invested over $80,000 in additional capital improvements, contributing to the property's overall condition and tenant appeal. Professionally managed and fully occupied, this asset offers a seamless transition for new ownership with stabilized occupancy already in place. Ideally located directly across from a well-maintained public park, the property benefits from strong tenant appeal and continued demand in one of North Texas' growing markets. Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this is an outstanding opportunity to acquire a well-maintained multifamily property with immediate income and future appreciation potential. Schedule your private tour today. Please do not disturb tenants. All showings require an executed contract or approval from the listing agent. No showings prior to executed contract. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$649,900 USD

PRICE/SF

$90 USD /SF

# OF UNITS

10

PRICE/UNIT

$64,990

CAP RATE

10.65%

% 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.