Buy&Hold (Multifamily): (364 Units) The Retreat Apts, Houston, TX 77091 + $26,500,000

Promise Land Realty
Jun 22
3 min read

Multifamily Investment Opportunity

Price

$26,500,000

Off-Market Multifamily Opportunity – The Retreat on Rosslyn

5801 N. Houston Rosslyn Rd, Houston, TX 77091

Purchase Price: $26,500,000

Submit all offers to: investments@promiselandrealtyllc.com

We are proud to present The Retreat on Rosslyn, a 367-unit multifamily investment opportunity in one of Houston’s high-demand rental corridors. Just minutes from Highways 290 and 610, this property offers scale, strong cash flow potential, and value appreciation upside.

Property Highlights:

Total Units: 367
Current Occupancy: 97%+ (Only 11 vacancies)
Unit Mix: One- and Two-Bedroom Apartments
Square Footage Range: 519 – 959 sq. ft.
Year Built: 1978 (Substantially Renovated in 2002)
Average Rents: $635 – $899

Financial Overview:

Pro Forma Annual NOI: $3,698,955
Monthly NOI: $308,246
CAP Rate (Based on Pro Forma NOI): 13.51%
Asking Price: $26,500,000

Financials

https://docs.google.com/spreadsheets/d/15hsqjs6dp65Sga_bOfiLiJ1fHJp9zirW/edit?usp=share_link&ouid=100985692148024461359&rtpof=true&sd=true

Explanation of CAP Rate:

The stated 13.51% CAP rate is based on stabilized pro forma performance using current market rents, minimal vacancy loss, and normalized expenses. The ownership has invested in operational systems and tenant base stabilization, positioning the asset to deliver outsized returns at acquisition. Investors are encouraged to verify historicals and projected assumptions during due diligence. This represents an opportunity to secure strong yield in an infill location with continued upside.

Why the Seller is Selling:

The seller is a private investment group shifting focus toward new development projects and is releasing stabilized, cash-flowing assets like this to reallocate capital. With performance in line with projections, the group is seeking a clean exit to pursue expansion in other core markets.

Amenities:

Controlled Access Gates
Laundry Facilities On-Site
Fitness Center, Playground
Vaulted Ceilings, Fireplaces, Built-In Bookshelves
Washer/Dryer Connections
Private Patios and Balconies
Bilingual Leasing Office

Strategic Location:

Positioned in the Brookhollow – Little York submarket:

Immediate access to Highways 290 and 610
Close to schools, retail, employment, and public transit
Surrounded by other performing multifamily communities

This is a rare opportunity to acquire a large, stabilized community with strong cash flow and meaningful upside at an attractive cost basis.

Submit all inquiries and offers to: investments@promiselandrealtyllc.com

PROPERTY MAP

TEAM PROMISELAND DISCLAIMER

This is a confidential off-market opportunity provided exclusively by Team Promiseland. No party is authorized to market or distribute the contents of this listing without express written permission. Unauthorized use or dissemination will result in a $500 penalty per occurrence.

All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

OFFICIAL PROMISELAND LENDING PARTNER