3720 Sockwell Blvd 10 Unit Apartment Building $739,000 ($73,900/Unit) 9.36% Cap Rate Greenville, TX 75401

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.