3720 Sockwell Blvd - Apartments FOR SALE


Greenville, TX 75401
$699,900 USD
940-784-3334
3720 Sockwell Blvd, Greenville, TX for Sale
$699,900 USD
Apartments - FOR SALE
1/19
null | 9.89% 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 meaningful price improvement, creating an attractive entry point for investors seeking immediate, strong cash flow with performance exceeding the 1% rule and additional upside through rent growth and ancillary income opportunities. 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 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 retention. This asset is professionally managed, offering a seamless transition for a new owner, and is ideally positioned across from a well-maintained public park—enhancing tenant appeal and long-term demand. Fully occupied with stabilized income in place, this is a strong opportunity for investors looking to step into a performing asset with both immediate returns and future upside. No showings prior to executed contract. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$699,900 USD

PRICE/SF

$97 USD /SF

# OF UNITS

10

PRICE/UNIT

$69,990

CAP RATE

9.89%

% 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.