527 East Caney Street
⭐ Occupancy = 93.75%
Marketing description
Tradewinds Apartments is a stabilized, cash‑flowing 16‑unit multifamily asset located in the high‑demand Wharton rental market. With 93.75% occupancy and consistent rent collections, the property delivers reliable income supported by long‑term tenant demand and limited local competition.
Over the trailing 24 months, the asset generated $320,135 in rental income and a strong NOI of $203,755, reflecting efficient operations and a resilient tenant base. Recent performance shows continued upward momentum, with September 2025 NOI at $10,268 and a 12‑month average NOI of $8,515, demonstrating stabilized operations and improving margins.
The property has benefited from ongoing make‑ready improvements, HVAC upgrades, plumbing repairs, and preventative maintenance—minimizing near‑term capital needs and positioning the asset for future rent growth. Utility expenses, taxes, and insurance remain predictable, supported by long‑term electricity contracts and stable fixed costs.
Located minutes from major employers, schools, and retail corridors, Tradewinds Apartments offers turnkey stability with clear value‑add potential through continued interior upgrades and strategic rent optimization. This is a well‑performing, income‑producing multifamily opportunity ideal for investors seeking durable cash flow in a supply‑constrained market.
Investment highlights
Stabilized 16‑Unit Multifamily Asset Consistently high occupancy with 93.75% leased (15 of 16 units currently occupied).
Strong Income Performance Trailing 24‑month rental income of $320,135, demonstrating durable demand and reliable collections.
Solid NOI & Operating Margin Trailing 24‑month NOI of $203,755, reflecting a 63.7% operating margin and efficient management.
Recent NOI Upside September 2025 NOI of $10,268, with a 6‑month average NOI of $7,585 and a 12‑month average of $8,515, showing upward trend and stabilization.
Value‑Add Potential Units have been steadily improved through make‑readies, HVAC upgrades, plumbing repairs, and interior refreshes—allowing future rent growth.
Minimal Deferred Maintenance Property has undergone consistent repairs, replacements, and preventative maintenance, reducing near‑term CapEx exposure.
Strong Utility & Expense Controls Utilities and fixed expenses remain predictable, with long‑term electricity contracts and stable tax/insurance obligations.
High‑Demand Wharton Location Limited multifamily inventory in Wharton creates strong tenant retention and low vacancy risk.
Turnkey Cash‑Flowing Asset Property is fully stabilized, performing, and ready for new ownership without major operational changes.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
