Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1975
Sq.Footage
6,934
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.
Features & Amenities
Interior
-
Other Interior Features
High Speed Internet
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Electric
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Driveway, On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.597
-
Lot Size(square feet)
26005.32
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$739,000
-
Tax Amount
$14,133
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Bowie
-
Middle School
Greenville
-
High School
Greenville
Property Features
-
Foundation Details
Pillar/Post/Pier
-
Tax Lot
3
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Location
County
Hunt
Elementary School
Bowie
Middle School
Greenville
High School
Greenville
Listing Courtesy of Greg Parks , Milestone Premier Properties
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