214 Longstreet Rd, Willis, TX 77378
214 Longstreet Apartments presents an excellent opportunity to acquire a partially renovated 16-unit multifamily property with immediate income and remaining upside. The property has undergone extensive 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 fully refreshed with new paint and durable Hardie plank siding, giving the property strong curb appeal and long-term durability. 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, enhancing tenant comfort and reducing future maintenance. 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 well-balanced investment opportunity with stabilized income from renovated units and additional value-add potential through future upgrades.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.