1 of 5

2 of 5

3 of 5

4 of 5

5 of 5

•  Media
• Map
• Street View

203 E Watson St
Willis, TX 77378

$5,300,000 USD

Apartments For Sale  •  46,000 SF

Property Details

• Property Type Apartments
• Total Building Size 46,000 SF
• Lot Size 2.72 AC
• Building Class C
• Year Built 1979

0 Transit Score

48 Walk Score

Highlights

Willis South Apartments is a market-rate apartment complex with stable cash flow supported by USDA voucher-backed rents and market-rate tenants.

Formerly rent-subsidized but now unrestricted, it offers 48 units, operational flexibility, and upside via rent optimization and value-add utilities.

Clean USDA physical inspection reflects strong property condition and well-maintained on-site leasing office, laundry facility, and tenant amenities.

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.

Ratio Utility Billing System implementation helps reduce operating costs as the tenant pays for electricity and the owner pays water, sewer and trash.

Benefit from long-term financial stability with positioning inside a high-growth North Houston submarket with 4.7% projected annual population growth.

Amenities

• Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
George Bush Intcntl/Houston	51 min	-	40.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	71
Type:	Surface
Included in Rent:	Yes