750 3Rd St Silsbee, TX 77656
- Commercial real estate
- 32,832 SF
- 1.29 lot acres
Current Use by Public Records
- West Terrace Apartments / Apartment Building
Property Details for 750 3Rd St
- Lot size
- 1.29 lot acres
- Property size
- 32,832 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 36-unit apartment complex ideally situated in Silsbee, Texas, within Hardin County. The property, known as West Terrace Apartments, comprises nine buildings across a 1.294-acre lot, featuring a total of 32,832 square feet, with 27,216 square feet of net rentable space. The two-story buildings house 36 two-bedroom, one-bathroom apartments, each equipped with a refrigerator, stove, dishwasher, and washer/dryer connections. Flooring is a combination of carpet and vinyl. Central heating and air conditioning are standard in all units. Currently boasting a 94.4% occupancy rate, this property offers a strong cash flow potential. The asking price is $2,160,000, translating to $60,000 per unit and $65.79 per square foot. Detailed financial information, including trailing twelve-month financials and rent rolls, is available upon request with the execution of a confidentiality agreement and due diligence process. The complex is conveniently located on S 3rd and S 4th Streets, providing easy access to local amenities and services. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a growing Texas market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Silsbee
- County
- Hardin
- State
- Texas
- Longitude
- -94.180433746
- Latitude
- 30.342512310362
