Log In/Sign Up
Your email has been sent.
Groveton 479 S Devine Ave 35 Unit Apartment Building $2,040,480 CAD ($58,299 CAD/Unit) Groveton, TX 75845
Investment Highlights
- Located near Highway 94 and FM 355, providing strong regional connectivity.
- Established in 1970 with utilities and infrastructure in place.
- Opportunity for value-add improvements or redevelopment to enhance returns.
- Zoned for multi-family residential use per public records.
Executive Summary
This multi-family property in Groveton, Texas, offers a rare investment opportunity in a growing East Texas market. The site includes multiple buildings totaling over 25,000 square feet, providing significant income potential through rental operations or redevelopment. With its expansive acreage and existing infrastructure, the property is well-suited for investors seeking to expand their portfolio in residential or mixed-use assets.
Located within the city limits of Groveton, the property benefits from proximity to key regional routes, including Highway 94 and FM 355, ensuring convenient access to nearby towns and major highways. The area supports a stable rental market and offers potential for value-add improvements or repositioning strategies. This asset’s scale and location make it an attractive option for long-term hold investors or developers looking to capitalize on East Texas’ steady demand for affordable housing.
Located within the city limits of Groveton, the property benefits from proximity to key regional routes, including Highway 94 and FM 355, ensuring convenient access to nearby towns and major highways. The area supports a stable rental market and offers potential for value-add improvements or repositioning strategies. This asset’s scale and location make it an attractive option for long-term hold investors or developers looking to capitalize on East Texas’ steady demand for affordable housing.
Property Facts
| Price | $2,040,480 CAD | Building Class | C |
| Price Per Unit | $58,299 CAD | Lot Size | 7.51 AC |
| Sale Type | Investment | Building Size | 25,072 SF |
| No. Units | 35 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $2,040,480 CAD |
| Price Per Unit | $58,299 CAD |
| Sale Type | Investment |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 7.51 AC |
| Building Size | 25,072 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 35 | - | 716 |
1 1
Property Taxes
| Parcel Number | 15984 | Improvements Assessment | $106,713 CAD |
| Land Assessment | $129,406 CAD | Total Assessment | $236,119 CAD |
Property Taxes
Parcel Number
15984
Land Assessment
$129,406 CAD
Improvements Assessment
$106,713 CAD
Total Assessment
$236,119 CAD
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Groveton | 479 S Devine Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.