$1,500,000

About this home

One of the only investor-controlled rental assets on Lake Conroe located next to April Sound Golf & Country Club! A prestigious, 24-hour manned-gated community. This type of opportunity almost never comes to market. 1 of 2 12 Units buildings | @24959 SF ea | @ 2 Acres | Spacious 2BD Units Up to 1,596 SF | near identical building for sale additionally next door with an additional 12 units, with large floor plans featuring balconies, fireplaces, lake views, and unit sizes that command premium rents post-renovation. With strong cash flow potential and a low vacancy rate in area, there is a clear path for rent growth through renovations. Investors will appreciate the multiple exit strategies available, including stabilization and refinancing or the potential for individual unit sell-off. This is an exceptional opportunity for investors seeking value-add potential in a supply-constrained market. Excellent STR potential as well. Schedule your appointment today to explore this unique asset!

Property details

Year built

1980

Property type

Residential Income

Style

Multi Family,5 Plus

Heating

Electric

Cooling

Electric

Lot

1.0788 acres

Taxes / yr

$82,737

Property history