Price Reduced Listing
Description
Excellent investment opportunity in growing East Montgomery County! This fully occupied 12-unit apartment complex sits on one unrestricted acre. Each unit offers one bedroom and one bathroom and is leased under a one-year agreement, with monthly rents ranging from $800 to $900. Property features include a new roof, fresh interior and exterior paint, and updated laminate flooring, onsite laundry area. Currently served by a private water well, the property is in the process of transitioning to public utility service. Conveniently located approximately eight miles from Highway 59/I-69, providing easy access to shopping, dining, employment centers, and surrounding communities while maintaining a quiet country setting. The property currently generates $9,750 in rental income. An excellent income-producing opportunity for investors!
Details
| MLS # | 31930999 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1977 |
| Days On Site | 8 |
| Listing Provided By | Texas Ally Real Estate Group, LLC | Leslie Fernandez |
Features
| SQ Feet | 2,232 |
|---|---|
| Story(s) | 1 |
| Units | 12 |
| Acreage | 43560.00 |
Exterior
| Lot Features | Cleared |
|---|
Taxes
| Tax Annual Amount | 9669 |
|---|
Area Information
| State | TX |
|---|---|
| County | Montgomery |
| City | Conroe |
| Zip Code | 77302 |
| Subarea | Conroe Southeast |
| Community Name | Colista E Granger |
| Listing VS Median (in Colista E Granger) | |
Price: $950,000 low | high Med: $475,425 sqft: 2,232 low | high Med: 1,441 $ / sqft: $426 low | high Med: $213 On site: 8 low | high Med: 56.5 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Montgomery |
| City | Conroe |
| Zip Code | 77302 |
| Subarea | Conroe Southeast |
| Community Name | Colista E Granger |
| Listing VS Median (in Colista E Granger) | |
Price: $950,000 low | high Med: $475,425 sqft: 2,232 low | high Med: 1,441 $ / sqft: $426 low | high Med: $213 On site: 8 low | high Med: 56.5 | |
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