307 Sleepy Hollow Dr Cleveland, TX 77327

This exceptional investment opportunity presents a 96-unit apartment complex, known as Sleepy Hollow Apartments, situated in Cleveland, Texas, within the Greater Houston Metropolitan area. Built in 1985, this garden-style property boasts 71,673 square feet across six, two-story buildings on a 4.24-acre lot (162,898 sq ft). The buildings feature masonry construction with brick and stucco siding. The property currently enjoys a 92% occupancy rate. Unit layouts include one and two-bedroom floor plans, each equipped with all-electric kitchens, washers and dryers, and walk-in closets. Residents benefit from a convenient location, approximately 45 miles from downtown Houston and near several recreational areas including Sam Houston National Forest, Lake Baygall, Lake Houston Wilderness Park, and Lake Houston. The property's location outside of the flood zone adds to its appeal. This multifamily asset presents a compelling value-creation opportunity with attractive loan assumption terms. The property's APN is 68405. This is a prime opportunity for a buyer seeking a well-located, established multifamily property with significant upside potential.