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3720 Sockwell Blvd 10 Unit Apartment Building $865,000 ($86,500/Unit) 7.28% Cap Rate Greenville, TX 75401
Executive Summary
Rare opportunity to acquire a 10-unit multifamily asset in rapidly growing Greenville, TX. The property is 100% occupied offering immediate cash flow and clear upside through rent growth and ancillary income. Unit mix includes 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 units remodeled in 2021 and new owner has put in over $80,000 in additional property improvements. Property is professionally managed and can stay in place. Located across from a well-maintained public park, enhancing tenant demand and long-term desirability. No showings prior to contract. Do not disturb tenants.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $865,000 | Building Class | C |
| Price Per Unit | $86,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 7,231 SF |
| Cap Rate | 7.28% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1975/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.38/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $865,000 |
| Price Per Unit | $86,500 |
| Sale Type | Investment |
| Cap Rate | 7.28% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,231 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2021 |
| Parking Ratio | 1.38/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 45055 | Improvements Assessment | $620,660 |
| Land Assessment | $60,320 | Total Assessment | $680,980 |
Property Taxes
Parcel Number
45055
Land Assessment
$60,320
Improvements Assessment
$620,660
Total Assessment
$680,980
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3720 Sockwell Blvd
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