703 E Navasota St - Apartments FOR SALE


Groesbeck, TX 76642
$775,000 USD
832-326-0097
703 E Navasota St, Groesbeck, TX for Sale
$775,000 USD
Apartments - FOR SALE
1/6
null | 8.79% Cap Rate

703 E Navasota St
Groesbeck, TX 76642


HIGHLIGHTS

  • Stabilized 12-Unit Multifamily Property
  • 100% Occupied with Consistent Operating History
  • High-8% Cap Rate at Guidance Pricing
  • 34 Years of Ownership | Well-Maintained Asset
  • Recent Capital Improvements (Roof, Units, Common Areas)
  • Low Maintenance, Simple Operations

OVERVIEW

Cottonwood Creek Apartments offers a stabilized 12-unit multifamily investment opportunity in Groesbeck, TX, Limestone County. This property has been under the same ownership for approximately 34 years and reflects consistent occupancy and operational stability. The asset is currently 100% occupied and generates an in-place NOI of approximately $68,107, offering investors a strong yield in a tertiary market. Recent capital improvements include roof replacement, interior unit upgrades, and common area enhancements, contributing to the overall condition and long-term durability of the asset. The property features a 2-bedroom unit mix, on-site laundry, and a straightforward operational profile, making it well-suited for private investors, SBA buyers, or 1031 exchange purchasers seeking predictable cash flow. This offering represents a true stabilized investment with minimal operational lift required.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

12

PRICE/UNIT

$64,583

CAP RATE

8.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12-Unit Complex- Groesbeck

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,045 SF

ZONING

-

APN/PARCEL ID

R12597

ASK ABOUT THIS PROPERTY

Jeri BlakeEvermark Commercial GroupMore Info
832-326-0097

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

Jeri BlakeEvermark Commercial GroupMore Info
832-326-0097

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