For Sale

$950,000

HIGHLIGHTS:
  • Active
  • $12,291/month
  • 7 DOM
  • 1 Stories
  • 0 Beds
  • 2,232 SqFT
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!

Overview
  • MLS Number: 31930999
  • Type: Multi-Family
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 2,232 SqF
  • Land Size: 43,560 sqft
  • Year Built: 1977
Financial
Price:
$950,000
Price/SqFT:
$425.63
Original Price:
$960,000
Reduced $:
$10,000
Reduced On:
Aug 27th, 2026
Reduced %:
1.04 %
HOA Fee:
Tax Rate:
1.5799 %
Est. Monthly:
$12,291 *
Tax Amount:
$15,009
Amenities and features
  • Energy Efficient
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Laminate
    Cooling:
    Central Electric
    Heating:
    Central Electric
    Energy Feature:
    Attic Fan,Attic Vents,Ceiling Fans
  • Roof:
    Composition
    Exterior Type:
    Brick,Cement Board
    Lot Description:
    Cleared

Listed By:
Leslie Fernandez

Texas Ally Real Estate Group, LLC

The data on this website relating to real estate for sale comes in part from the IDX Program of the Houston Association of REALTORS®. All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.

© 2026 Houston Association of REALTORS®.

GET IN TOUCH
avatar
Welcome Home Real Estate