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12-Unit Complex- Limestone County 703 E Navasota St 12 Unit Apartment Building $775,000 ($64,583/Unit) 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 offers a stabilized 12-unit multifamily investment opportunity in Groesbeck, TX, Limestone County. 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
| Price | $775,000 | Building Class | C |
| Price Per Unit | $64,583 | Lot Size | 0.60 AC |
| Sale Type | Investment | Building Size | 12,600 SF |
| Cap Rate | 8.79% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2023 |
| Property Subtype | Apartment | Parking Ratio | 3.33/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price | $775,000 |
| Price Per Unit | $64,583 |
| Sale Type | Investment |
| Cap Rate | 8.79% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 12,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2023 |
| Parking Ratio | 3.33/1,000 SF |
| Opportunity Zone |
Yes |
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
Property Taxes
| Parcel Number | R12597 | Improvements Assessment | $403,856 |
| Land Assessment | $12,992 | Total Assessment | $416,848 |
Property Taxes
Parcel Number
R12597
Land Assessment
$12,992
Improvements Assessment
$403,856
Total Assessment
$416,848
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12-Unit Complex- Limestone County | 703 E Navasota St
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