409-273-4489
750 S 3rd St, Silsbee, TX for Sale
Apartments - FOR SALE
1/14
null | Request Cap Rate

750 S 3rd St
Silsbee, TX 77656


HIGHLIGHTS

  • Highly occupied

OVERVIEW

Well-located 12-unit value-add multifamily with strong in-place cash flow and clear rent growth upside | Opportunity to buy another 12 unit complex only 15 minutes away | Offers requested. 12-unit value-add multifamily asset located in Silsbee, TX within the supply-constrained Hardin County / NW Beaumont submarket. Built in 1983, the property features two-story buildings with a simple all-2BR/1BA unit mix (~922 SF avg.) and 92% occupancy. Average in-place rents of $839/unit remain well below market rents of approx. $950, providing clear upside through interior upgrades, lease-up of remaining vacancy, and improved management. Trailing 12-month operations reflect a strong 52% NOI margin, offering immediate cash flow with meaningful long-term value creation. Opportunity to buy another 12 unit complex only 15 minutes away. Can be sold together or individually.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

12

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

-

APN/PARCEL ID

000019-018100

ASK ABOUT THIS PROPERTY

Haley JohnRH Capital PartnersMore Info
409-273-4489

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Haley JohnRH Capital PartnersMore Info
409-273-4489

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