Auction - Elm Street Apartments - Sweetwater, TX — Sale in Sweetwater, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sweetwater, TX 79556

Investment Figures

Cap rate
7.51%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. 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

Market Context

This multifamily in Sweetwater, TX is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Sweetwater, TX — view the full market.

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