705 E Worth St - Apartments FOR SALE


Grapevine, TX 76051- Downtown Grapevine
$2,200,000 USD
682-847-1396
705 E Worth St, Grapevine, TX for Sale
$2,200,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

705 E Worth St
Grapevine, TX 76051
Downtown Grapevine


HIGHLIGHTS

  • Functional layouts and consistent occupancy support stable operations
  • With limited multifamily inventory in this submarket, this 13-unit property presents an excellent opportunity

OVERVIEW

Investor Opportunity – 13-Unit Apartment in Grapevine! Located near Historic Downtown Grapevine, this fully occupied 13-unit multifamily property offers a rare opportunity to acquire a stabilized, income-producing asset in one of the area’s most desirable rental markets. Similar to the nearby 717 E Texas St apartments, this property benefits from strong tenant demand driven by its central Grapevine location and proximity to dining, shopping, and entertainment. The property features a diverse unit mix consisting of eight 1-bedroom units, four 2-bedroom units, and one efficiency unit, providing flexibility and broad rental appeal. Functional layouts and consistent occupancy support stable operations, allowing investors to step into immediate income with established management in place. Residents enjoy convenient access to downtown Grapevine, major employment centers, and transportation corridors, contributing to long-term rental demand. With limited multifamily inventory in this submarket, this 13-unit property presents an excellent opportunity for local investors, portfolio buyers, or 1031 exchange purchasers seeking scale in a proven location. This is a compelling option for investors seeking a stabilized apartment asset with long-term upside in the Grapevine market. Property has been operated as part of a larger multifamily portfolio. Income is supported by current rent rolls. Certain operating expenses have historically been shared at the portfolio level and have been normalized for stand-alone review. Detailed financial information, including rent rolls and portfolio T-12, is available upon request and subject to buyer due diligence. ***Seller Financing NOT available***

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$217 USD /SF

# OF UNITS

13

PRICE/UNIT

$169,231

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

-

APN/PARCEL ID

00564087

ASK ABOUT THIS PROPERTY

Kelsey CretsingerKelsey Cretsinger - Bray Real EstateMore Info
682-847-1396

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Kelsey CretsingerKelsey Cretsinger - Bray Real EstateMore Info
682-847-1396

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