510 E Hayes St - Apartments FOR SALE


Savoy, TX 75479
$1,900,000 USD
940-206-7223
510 E Hayes St, Savoy, TX for Sale
$1,900,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

510 E Hayes St
Savoy, TX 75479


HIGHLIGHTS

  • 35-unit garden apartment community on 3.54 acres with established infrastructure.
  • Convenient access to U.S. Highway 82 and regional employment centers.

OVERVIEW

This 35-unit garden-style apartment community offers a rare investment opportunity in the growing Savoy, Texas market. Situated on 3.54 acres, the property spans 23,758 square feet across multiple buildings and provides a stable foundation for value-add strategies or long-term income generation. Built in 1970, the complex benefits from a low-density layout and ample open space, appealing to tenants seeking a quieter residential setting. Located within Fannin County, the property enjoys convenient access to U.S. Highway 82, connecting residents to nearby Bonham and Sherman, as well as the broader North Texas region. The area has experienced steady population growth, supported by a balanced mix of residential and commercial development. With its existing infrastructure and utilities in place, this asset presents an attractive option for investors looking to capitalize on regional growth trends and affordable housing demand.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

35

PRICE/UNIT

$54,286

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bristol Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.54 AC

LAND SF

154,202 SF

ZONING

-

APN/PARCEL ID

85338

ASK ABOUT THIS PROPERTY

Naseem SadeghianKamy Real Property TrustMore Info
940-206-7223

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

Naseem SadeghianKamy Real Property TrustMore Info
940-206-7223

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