Listed by Sands Investment Group, Sands Investment Group Los Angeles, Sands Investment Group - FTL
$3,895,000
East Haven Residences - Longview, TX
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 27,642
Net Rentable (SqFt) 27,642
Occupancy 100%
Tenancy Single
Price per SqFt $141
Class B
Year Built 2015
Buildings 15
Acreage 2.670
26-Unit Luxury Residences | Fully Leased | Value-Add Upside | Longview, TX
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the East Haven Residences located in Longview, TX. This luxury residential community was built in 2015-2016 and consists of 12 townhouses, 5 duplexes, and 4 single-family homes. This community is currently 100% occupied and offers a favorable unit mix of large 3-bed and 2-bed units.
The property is near Forest Park Middle School, and a short drive from Good Sheperd Medical Center, Downtown Longview, and major national retailers. Longview, TX, is currently graded as an "A" school district and the 29th most diverse school district in Texas.
Investment highlights
- Modern Construction: Built in 2015 with contemporary layouts and features that meet current renter expectations.
- Rental Upside Potential: Opportunity to reduce loss-to-lease and increase rental income with minimal capital investment.
- Stabilized Occupancy: 100% occupied, providing immediate and reliable in-place cash flow.
- Attractive Unit Mix: Predominantly large 2 and 3-bedroom floor plans, appealing to families and long-term renters.
- Desirable Unit Amenities: All units include washer and dryer connections and energy-efficient appliances, enhancing tenant appeal and reducing utility costs.
- Local Management Advantage: Experienced local management in place, ensuring efficient operations and strong market insight.
- Diverse Low-Density Asset: 26-unit luxury community featuring 12 townhomes, 5 duplexes, and 4 single-family homes, offering a unique alternative to traditional multifamily.
- Attractive Assumable Financing: Existing loan at a below-market 3.94% interest rate, enhancing cash flow and overall investment returns.
- Multiple Exit Strategies: Pursue a traditional sale, establish an HOA to enable individual unit sales, or execute a fractured condo sell-off to maximize value flexibility and returns.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Los Angeles, Sands Investment Group - FTL
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Name
License
Is there information that looks off?
