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104 Longstreet Rd - Longstreet Fourplex | Seller Financing Avail 4 Unit Apartment Building Offered at $775,000 at a 7.10% Cap Rate Willis, TX 77378

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INVESTMENT HIGHLIGHTS

  • Turnkey income: Fully leased 4-unit (all 2BR/2BA) with long-term tenants; ~$62,400/yr gross.
  • Attractive owner financing: 30-yr amort with 5yr balloon options expands options during rent and site improvements while building equity.
  • 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.

EXECUTIVE SUMMARY

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

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $775,000
Price Per Unit $193,750
Sale Type Investment
Cap Rate 7.10%
Sale Condition 1031 Exchange
Gross Rent Multiplier 12.42
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Single-Family Home
Lot Size 0.16 AC
Building Size 2,280 SF
Average Occupancy 100%
No. Stories 1
Year Built 2008
Parking Ratio 5.26/1,000 SF
Opportunity Zone Yes

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Carpet
  • Wheelchair Accessible (Rooms)
  • Large Bedrooms

SITE AMENITIES

  • Courtyard
  • Fenced Lot

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 4 $1,300 570
  • Listing ID: 38115904

  • Date on Market: 10/17/2025

  • Last Updated:

  • Address: 104 Longstreet Rd, Willis, TX 77378

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