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    OFF-MARKET
    Apartment buildings

    214 Longstreet Rd, Willis, TX 77378

    Built 1983
    Entity Owned 5-yr Hold
    Property ID
    US83-2354333
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1983
    UPID US83-2354333
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Longstreet Apartment LLC · 5 yrs held
    Longstreet Apartment LLC
    since 2021
    3 recorded transactions
    2022
    2021
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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