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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



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
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
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 |
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104 Longstreet Rd - Longstreet Fourplex | Seller Financing Avail
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