104 Longstreet Rd - Multi-Family FOR SALE


Willis, TX 77378
$775,000 USD
832-722-7442
104 Longstreet Rd, Willis, TX for Sale
$775,000 USD
Multi-Family - FOR SALE
1/16
null | 7.1% Cap Rate

104 Longstreet Rd
Willis, TX 77378


HIGHLIGHTS

  • Turnkey income: Fully leased 4-unit (all 2BR/2BA) with long-term tenants; ~$62,400/yr gross.
  • Strong, flexible play: ~7.1% cap at $775K; live-in-one-and-rent-the-rest or hold for cash flow near I-45/Lake Conroe.
  • Attractive owner financing: 30-yr amort with 5yr balloon options expands options during rent and site improvements while building equity.

OVERVIEW

Investor or owner-occupant opportunity—two side-by-side duplexes sold together as a fully leased quadplex in fast-growing Willis. Each spacious 2-bed/2-bath unit features tile flooring, central HVAC, W/D connections, dishwashers, and handicap-accessible layouts. Tenants enjoy front-door assigned parking, a fully fenced lot, and a shared central courtyard that enhances both privacy and community. Built in 2008 and professionally maintained, the property generates a generous gross annual rent with low expenses and features long-term tenants, resulting in a vacancy rate of less than 10%. Located just minutes from I-45, Lake Conroe, shopping, schools, and medical centers. Ideal for disabled tenant needs, house hackers, buy-and-hold investors, or 1031 exchange buyers. Appointments are required with 24-hour notice. Top Seller-Financing Structures: 20+% down, 30-year amortization, 5-year balloon, market-rate interest based on buyer strength. Financials: Rent Roll & T12 available upon request

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

4

PRICE/UNIT

$193,750

CAP RATE

7.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Longstreet Fourplex | Seller Financing Avail

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,987 SF

ZONING

-

APN/PARCEL ID

8520-01-00800

ASK ABOUT THIS PROPERTY

Lance HightowerCompass Real EstateMore Info
832-722-7442

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Lance HightowerCompass Real EstateMore Info
832-722-7442

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.