East Haven Residences – Longview, TX

2101 Suffolk Way, Longview, TX 75601, USA

Sands Investment Group is pleased to exclusively offer for sale the East Haven Residences Asset 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.

  • 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.

 

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

Price

$3,975,000

PREMISES

27,642 SF

BROKERS

Gabe Gonzalez
Fort Lauderdale
Andy Jones
Fort Lauderdale

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