Multifamily
Auction - Elm Street Apartments - Sweetwater, TX
501 Elm St, Sweetwater, TX 79556
Starting Bid: $350,000
Investment Overview
Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3218
Marcus & Millichap is pleased to present the exclusive listing of Elm Street, a turnkey 24-unit multifamily property built in 1978 in Sweetwater, Texas. Every unit has been recently upgraded with beautiful, modern finish-outs, providing a significant competitive advantage and supporting strong historical occupancy. The property also features seven on-site storage lockers with immediate upside potential, as only one unit is currently leased. Located less than one-quarter mile from Ludlum Measurements, which employs 410 workers, and 1.5 miles from Rolling Plains Memorial Hospital with 350 employees, residents enjoy exceptional proximity to major employers. The Sweetwater market has attracted more than $1 billion in private investment over the last five years, including Georgia-Pacific's $325 million gypsum wallboard facility that opened in 2023. Flexible financing options with competitive interest rates and interest-only terms are available to optimize investor returns. For more information, contact Matt Aslan at (972) 755-5275.
Auction - Elm Street Apartments - Sweetwater, TX
Investment Highlights
- Auction - June 22-24, 2026 | Starting Bid: $350,000
- Turnkey Asset with Modern Upgrades – Every unit recently renovated with beautiful, modern finish-outs
- Strong Historical Occupancy Performance – Consistently high demand and sustained occupancy over time
- Untapped Storage Revenue Opportunity – Seven on-site storage lockers with only one currently leased
- Walking Distance to Major Employer – Ludlum Measurements employs 410 workers less than 1/4 mile away
- Over $1 Billion in Recent Private Investment – Georgia-Pacific's $325 million facility opened in 2023 nearby
Starting Bid: $350,000
Investment Highlights
- Auction - June 22-24, 2026 | Starting Bid: $350,000
- Turnkey Asset with Modern Upgrades – Every unit recently renovated with beautiful, modern finish-outs
- Strong Historical Occupancy Performance – Consistently high demand and sustained occupancy over time
- Untapped Storage Revenue Opportunity – Seven on-site storage lockers with only one currently leased
- Walking Distance to Major Employer – Ludlum Measurements employs 410 workers less than 1/4 mile away
- Over $1 Billion in Recent Private Investment – Georgia-Pacific's $325 million facility opened in 2023 nearby
Investment Overview
Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3218 Marcus & Millichap is pleased to present the exclusive listing of Elm Street, a turnkey 24-unit multifamily property built in 1978 in Sweetwater, Texas. Every unit has been recently upgraded with beautiful, modern finish-outs, providing a significant competitive advantage and supporting strong historical occupancy. The property also features seven on-site storage lockers with immediate upside potential, as only one unit is currently leased. Located less than one-quarter mile from Ludlum Measurements, which employs 410 workers, and 1.5 miles from Rolling Plains Memorial Hospital with 350 employees, residents enjoy exceptional proximity to major employers. The Sweetwater market has attracted more than $1 billion in private investment over the last five years, including Georgia-Pacific's $325 million gypsum wallboard facility that opened in 2023. Flexible financing options with competitive interest rates and interest-only terms are available to optimize investor returns. For more information, contact Matt Aslan at (972) 755-5275.
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