12-Unit Complex- Limestone County - Multifamily
Multifamily | 12 Units | Stabilized
Marketing description
Groesbeck 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.
Investment highlights
- Stabilized 12-Unit Multifamily Property
- 100% Occupied with Consistent Operating History
- High-8% Cap Rate at Guidance Pricing
- 34 Years of Ownership | Well-Maintained Asset
- Recent Capital Improvements (Roof, Units, Common Areas)
- Low Maintenance, Simple Operations
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