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Multifamily

Elm Street

501 Elm St, Sweetwater, TX 79556

Listing Price: $1,175,000

Cap Rate
6.41%
Number of Units
24
GRM
5.83
Occupancy
95.8%
Price/Unit
$48,958
Price/Gross SF
$106.59
Gross SF
11,024

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Elm Street, a 24-unit multifamily community located in Sweetwater, TX. Built in 1978 and recently renovated, the property offers modern interiors and consistent occupancy. Elm Street presents immediate upside through six unleased on-site storage units, which can generate additional revenue with zero capex. The property is walkable to Ludlum Measurements, Sweetwater’s largest private employer, and close to Rolling Plains Memorial Hospital. Just 10 minutes away, Georgia-Pacific’s newly opened $325 million production facility further bolsters the area’s economic profile. Attractive interest-only financing options are available. Contact Matt Aslan at (972) 755-5275 for more information.

Investment Highlights

  • Fully upgraded interiors provide a competitive edge and drive strong occupancy.
  • 6 of 7 on-site storage lockers are currently vacant, offering non-rental income potential.
  • Flexible debt options with interest-only terms available to maximize investor returns.

Exclusively Listed By

Financing By

Multifamily

Elm Street

Listing Price: $1,175,000

Cap Rate
6.41%
Number of Units
24
GRM
5.83
Occupancy
95.8%
Price/Unit
$48,958
Price/Gross SF
$106.59
Gross SF
11,024

Investment Highlights

  • Fully upgraded interiors provide a competitive edge and drive strong occupancy.
  • 6 of 7 on-site storage lockers are currently vacant, offering non-rental income potential.
  • Flexible debt options with interest-only terms available to maximize investor returns.

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of Elm Street, a 24-unit multifamily community located in Sweetwater, TX. Built in 1978 and recently renovated, the property offers modern interiors and consistent occupancy. Elm Street presents immediate upside through six unleased on-site storage units, which can generate additional revenue with zero capex. The property is walkable to Ludlum Measurements, Sweetwater’s largest private employer, and close to Rolling Plains Memorial Hospital. Just 10 minutes away, Georgia-Pacific’s newly opened $325 million production facility further bolsters the area’s economic profile. Attractive interest-only financing options are available. Contact Matt Aslan at (972) 755-5275 for more information.

Exclusively Listed By

Financing By

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