Willis South Apartments | 205 E Watson St
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Willis South Apartments 205 E Watson St Immeuble residentiel 48 lots 4 747 270 € (98 901 €/Lot) Taux de capitalisation 8 % Willis, TX 77378
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Willis South Apartments is a market-rate apartment complex with stable cash flow supported by USDA voucher-backed rents and market-rate tenants.
- Clean USDA physical inspection reflects strong property condition and well-maintained on-site leasing office, laundry facility, and tenant amenities.
- Ratio Utility Billing System implementation helps reduce operating costs as the tenant pays for electricity and the owner pays water, sewer and trash.
- Formerly rent-subsidized but now unrestricted, it offers 48 units, operational flexibility, and upside via rent optimization and value-add utilities.
- Receive stable income from voucher rents up to $1,461 per month on select two-bedroom units with remaining units leased at full market rates.
- Benefit from long-term financial stability with positioning inside a high-growth North Houston submarket with 4.7% projected annual population growth.
RÉSUMÉ ANALYTIQUE
Rare opportunity to secure an attractive, now market-rate investment opportunity.
Willis South Apartments at 205 E Watson Street sits within the fast-growing North Houston submarket of Willis, Texas. This 48-unit garden-style community offers stable cash flow supported by a combination of government voucher-backed rents and market-rate tenants, providing investors with immediate income and operational flexibility.
Formerly operated under the USDA Rural Development affordable housing program, the property has successfully transitioned to an unrestricted, market-rate asset. At the time of transition, existing residents received USDA vouchers tied to market rents, creating a strong and stable rent roll that includes eight one-bedroom units receiving $1,063 per month, 15 two-bedroom units receiving $1,293 per month, and 21 additional two-bedroom units receiving $1,461 per month. The remaining units are leased at full market rents, allowing for ongoing revenue optimization.
The property comprises 40 two-bedroom and eight one-bedroom units and includes an on-site leasing office and laundry facility. The complex is in strong physical condition with ongoing maintenance after passing a USDA physical inspection with a clean report. Tenants are responsible for their own electricity, while ownership covers water, sewer, and trash, offering a potential income enhancement opportunity through the implementation of a Ratio Utility Billing System (RUBS).
Positioned in a high-growth area with a 5-mile population exceeding 41,000 and an average household income nearing $93,000, Willis South Apartments benefits from sustained local demand and a projected 4.7% annual population growth through 2029. Conveniently located near S Danville Street and surrounded by local dining options such as La Casita Tex-Mex Restaurant, Pizza Shack, and the Original Super Burger, Willis South Apartments combines operational upside and long-term investment stability.
Willis South Apartments at 205 E Watson Street sits within the fast-growing North Houston submarket of Willis, Texas. This 48-unit garden-style community offers stable cash flow supported by a combination of government voucher-backed rents and market-rate tenants, providing investors with immediate income and operational flexibility.
Formerly operated under the USDA Rural Development affordable housing program, the property has successfully transitioned to an unrestricted, market-rate asset. At the time of transition, existing residents received USDA vouchers tied to market rents, creating a strong and stable rent roll that includes eight one-bedroom units receiving $1,063 per month, 15 two-bedroom units receiving $1,293 per month, and 21 additional two-bedroom units receiving $1,461 per month. The remaining units are leased at full market rents, allowing for ongoing revenue optimization.
The property comprises 40 two-bedroom and eight one-bedroom units and includes an on-site leasing office and laundry facility. The complex is in strong physical condition with ongoing maintenance after passing a USDA physical inspection with a clean report. Tenants are responsible for their own electricity, while ownership covers water, sewer, and trash, offering a potential income enhancement opportunity through the implementation of a Ratio Utility Billing System (RUBS).
Positioned in a high-growth area with a 5-mile population exceeding 41,000 and an average household income nearing $93,000, Willis South Apartments benefits from sustained local demand and a projected 4.7% annual population growth through 2029. Conveniently located near S Danville Street and surrounded by local dining options such as La Casita Tex-Mex Restaurant, Pizza Shack, and the Original Super Burger, Willis South Apartments combines operational upside and long-term investment stability.
BILAN FINANCIER (RÉEL - 2024) Cliquez ici pour accéder à |
ANNUEL | ANNUEL PAR m² |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à la vacance |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Frais d’exploitation |
$99,999
|
$9.99
|
| Total des frais |
$99,999
|
$9.99
|
| Résultat net d’exploitation |
$99,999
|
$9.99
|
BILAN FINANCIER (RÉEL - 2024) Cliquez ici pour accéder à
| Revenu de location brut | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Autres revenus | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Perte due à la vacance | |
|---|---|
| Annuel | - |
| Annuel par m² | - |
| Revenu brut effectif | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Taxes | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Frais d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Total des frais | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
| Résultat net d’exploitation | |
|---|---|
| Annuel | $99,999 |
| Annuel par m² | $9.99 |
INFORMATIONS SUR L’IMMEUBLE
| Prix | 4 747 270 € | Classe d’immeuble | B |
| Prix par lot | 98 901 € | Surface du lot | 1,08 ha |
| Type de vente | Investissement | Surface de l’immeuble | 3 716 m² |
| Taux de capitalisation | 8 % | Occupation moyenne | 92% |
| Nb de lots | 48 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction | 1979 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,28/1 000 m² |
| Style d’appartement | Avec jardin | Zone de développement économique [USA] |
Oui
|
| Zonage | 4 | ||
| Prix | 4 747 270 € |
| Prix par lot | 98 901 € |
| Type de vente | Investissement |
| Taux de capitalisation | 8 % |
| Nb de lots | 48 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | B |
| Surface du lot | 1,08 ha |
| Surface de l’immeuble | 3 716 m² |
| Occupation moyenne | 92% |
| Nb d’étages | 2 |
| Année de construction | 1979 |
| Ratio de stationnement | 0,28/1 000 m² |
| Zone de développement économique [USA] |
Oui |
| Zonage | 4 |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Cuisinière
CARACTÉRISTIQUES DU SITE
- Accès 24 h/24
- Accès contrôlé
- Laverie
- Détecteur de fumée
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 8 | 863,14 € | 70 |
| 2+1 | 40 | 1 260 € | 93 |
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À PROXIMITÉ
RESTAURANTS |
|||
|---|---|---|---|
| Super Tortas | Mexicain | - | 15 min. à pied |
| Subway | - | - | 15 min. à pied |
LOCAL COMMERCIAL |
||
|---|---|---|
| First National Bank | Société de financement | 16 min. à pied |
HÔTELS |
|
|---|---|
| Red Roof Inn |
48 chambres
7 min en voiture
|
| Comfort Inn |
57 chambres
11 min en voiture
|
| La Quinta Inns & Suites |
50 chambres
11 min en voiture
|
| Homewood Suites by Hilton |
112 chambres
14 min en voiture
|
| WoodSpring Suites |
121 chambres
13 min en voiture
|
TAXES FONCIÈRES
| Numéro de parcelle | 8240-00-07000 | Évaluation totale | 729 425 € |
| Évaluation du terrain | 82 341 € | Impôts annuels | -1 € (0,00 €/m²) |
| Évaluation des aménagements | 647 084 € | Année d’imposition | 2024 |
TAXES FONCIÈRES
Numéro de parcelle
8240-00-07000
Évaluation du terrain
82 341 €
Évaluation des aménagements
647 084 €
Évaluation totale
729 425 €
Impôts annuels
-1 € (0,00 €/m²)
Année d’imposition
2024
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Présenté par
Maroon Sky LLC
Willis South Apartments | 205 E Watson St
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