3720 Sockwell Boulevard 1, Greenville, TX 75401
sale
$739,000
|
Business
Courtesy Of Milestone Premier Properties, Listed By Greg Parks
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.
No showings prior to executed contract. Please do not disturb tenants.
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Virtual Tour
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Brick
- Floor Covering: Other
- Heating System: Central
- Legal Description: S3085 GRAHAM PARK ADDITION BLK 7 LOT 3-6 ACRE
- MLSID: 21181103
- Roof Type: Composition
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