307 Sleepy Hollow DrCleveland, TX 77327

For Sale
Call for price
96-unit apartment complex, prime Houston location

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a 96-unit apartment complex, known as Sleepy Hollow Apartments, situated in Cleveland, Texas, within the Greater Houston Metropolitan area. Built in 1985, this garden-style property boasts 71,673 square feet across six, two-story buildings on a 4.24-acre lot (162,898 sq ft). The buildings feature masonry construction with brick and stucco siding. The property currently enjoys a 92% occupancy rate. Unit layouts include one and two-bedroom floor plans, each equipped with all-electric kitchens, washers and dryers, and walk-in closets. Residents benefit from a convenient location, approximately 45 miles from downtown Houston and near several recreational areas including Sam Houston National Forest, Lake Baygall, Lake Houston Wilderness Park, and Lake Houston. The property's location outside of the flood zone adds to its appeal. This multifamily asset presents a compelling value-creation opportunity with attractive loan assumption terms. The property's APN is 68405. This is a prime opportunity for a buyer seeking a well-located, established multifamily property with significant upside potential.

Highlights

  • Pride of ownership opportunity, reflecting meticulous upkeep and strong tenant relationships.
  • Significant potential for value enhancement through redevelopment or repositioning.
  • Strategic location near key employment centers and consumer markets.
  • Situated outside designated floodplains, minimizing risk.
  • Multiple avenues for increasing property value and profitability.
  • Favorable loan assumption terms available to qualified buyers.

Property Details for 307 Sleepy Hollow Dr

Property type
Apartment buildings
Square Feet
71,673 SF
Class
B
Year Built
1985
Buildings
6
Stories
2
Units
96

Location Insight

City
Cleveland
County
Montgomery
State
Texas
Latitude
30.342963702879
Longitude
-95.071855232052
307 Sleepy Hollow Dr, Cleveland, Texas

FAQs

What type of property is this?
Apartment building - 96-unit apartment complex, prime Houston location
Where is the apartment building located?
The property is located at 307 Sleepy Hollow Dr Cleveland, TX.
What are key features of this property?
This property features: Pride of ownership opportunity, reflecting meticulous upkeep and strong tenant relationships.; Significant potential for value enhancement through redevelopment or repositioning.; Strategic location near key employment centers and consumer markets.
How can I contact the broker?
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307 Sleepy Hollow Dr
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