For Sale
1000 April Sound Blvd Conroe, TX 77356
$1,875,000
Description
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!
Overview
Financial
Price:
$1,875,000
Price/SqFT:
$75.12
HOA Fee:
$26165 Annually
Tax Rate:
2.0699 %
Est. Monthly:
$25,058 *
Tax Amount:
$38,811
Amenities and features
Golf Community
Lake/River Access
Water View
Property & Schools on Map
Floor plans / Dimensions / Descriptions
-
InteriorFloors:Carpet,Laminate,TileCountertop:FormicaHeating:Central ElectricCooling:Central ElectricDishwasher:YesDisposal:Yes
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ExteriorRoof:CompositionExterior Type:Cement BoardLot Description:In Golf Course Community,Water ViewWater Amenity:Boat Ramp,Lake View
Documents
Listed By:
Jeremy Larkin
Keller Williams Realty The Woodlands
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