750 3Rd StSilsbee, TX 77656

Property Details for 750 3Rd St

Lot size

1.29 AC

Property size (Sq ft)

32,832 SF

Property type

Apartment buildings

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.

Location Insight

City

Silsbee

County

Hardin

State

Texas

Latitude

30.3425

Longitude

-94.1804

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