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703 E Navasota St - 12-Unit Complex- Groesbeck 12 Unit Apartment Building Offered at $775,000 at a 8.79% Cap Rate Groesbeck, TX 76642
Investment Highlights
- Stabilized 12-Unit Multifamily Property
- High-8% Cap Rate at Guidance Pricing
- Recent Capital Improvements (Roof, Units, Common Areas)
- 100% Occupied with Consistent Operating History
- 34 Years of Ownership | Well-Maintained Asset
- Low Maintenance, Simple Operations
Executive Summary
Cottonwood Creek Apartments presents a stabilized 12-unit multifamily investment opportunity in Groesbeck, Texas. This property has been under the same ownership for approximately 34 years and reflects consistent occupancy and operational stability.
The asset is currently 100% occupied and generates an in-place NOI of approximately $68,107, offering investors a strong yield in a tertiary market.
Recent capital improvements include roof replacement, interior unit upgrades, and common area enhancements, contributing to the overall condition and long-term durability of the asset.
The property features a 2-bedroom unit mix, on-site laundry, and a straightforward operational profile, making it well-suited for private investors, SBA buyers, or 1031 exchange purchasers seeking predictable cash flow.
This offering represents a true stabilized investment with minimal operational lift required.
The asset is currently 100% occupied and generates an in-place NOI of approximately $68,107, offering investors a strong yield in a tertiary market.
Recent capital improvements include roof replacement, interior unit upgrades, and common area enhancements, contributing to the overall condition and long-term durability of the asset.
The property features a 2-bedroom unit mix, on-site laundry, and a straightforward operational profile, making it well-suited for private investors, SBA buyers, or 1031 exchange purchasers seeking predictable cash flow.
This offering represents a true stabilized investment with minimal operational lift required.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Ceiling Fans
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 800 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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703 E Navasota St - 12-Unit Complex- Groesbeck
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