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214 Longstreet Rd Willis, TX 77378

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For Sale
$3,200,000

16-unit multifamily property with immediate income and upside potential.

Type:Multifamily
Added:
Nov 8, 2023
Days on Market:
875
Last Refresh:
Mar 21 at 8:21 pm

Property Features for 214 Longstreet Rd

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
1983

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Listing Contact
Farid Chatur
Farid Chatur

Listing agent Farid Chatur License #TX 0599697

Listing office Apex Realtors

Listing date Nov 8, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Apex Realtors


Overview

Partially Renovated Multifamily Investment

214 Longstreet Apartments offers the opportunity to acquire a partially renovated 16-unit multifamily property. The property has undergone exterior and interior improvements, positioning a new owner to benefit from completed capital upgrades while continuing to increase value through the remaining units. The exterior has been refreshed with new paint and durable Hardie plank siding. Electrical systems have been upgraded with new electrical lines and fixtures installed at each unit. The roof was replaced in 2013 by the previous owner. Interior renovations have been completed on 8 units, which feature modern upgrades including new kitchen cabinetry, updated flooring (tile or carpet), fresh paint, and new appliances including washers, dryers, stoves, and refrigerators. Many of the renovated units also include new HVAC systems. The remaining units are currently in good condition, providing an investor the opportunity to continue renovating and capturing additional rental upside over time. This property represents a balanced investment opportunity with stabilized income from renovated units and additional value-add potential through future upgrades.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Building Supply Spa & Massage Center Hotel & Motel Auto Repair Shop Nail Salon Auto Parts Store Hair Salon Gym & Fitness Center Veterinary Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Willis
County
Montgomery
State
Texas
Longitude
-95.4482
Latitude
30.4217

FAQs

What type of property is this?
Apartment building - 16-unit multifamily property with immediate income and upside potential.
Where is this apartment building located?
The property is located at 214 Longstreet Rd Willis, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Partially renovated 16‑unit multifamily property with immediate income.; **8 units feature modern upgrades** including new kitchen cabinetry, updated flooring, fresh paint, and new appliances.; **Exterior fully refreshed** with new paint and durable Hardie plank siding.
More about this property
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