For Sale

$1,200,000

HIGHLIGHTS:
  • Active
  • $15,591/month
  • 3 DOM
  • 1 Stories
  • 0 Beds
  • 1,960 SqFT
Description

Exceptional investment opportunity in Montgomery, TX! This multifamily property consists of four duplexes totaling eight income-producing units, all currently leased and generating cash flow from day one. The property has benefited from ongoing improvements, including new roofs, new water heaters in select units, and renovations completed in several units as vacancies occurred over recent years. With an established rental history and existing tenants in place, this is an ideal opportunity for investors looking to add a stabilized multifamily asset to their portfolio. Even more upside awaits with additional land offering the potential to build more duplexes in the future and further increase rental income. A rare combination of immediate cash flow, continued improvements, and future expansion potential in growing Montgomery! The other 3 duplex addresses are 5498, 5516 and 5462 Highline Drive Montgomery, TX 77316

Overview
  • MLS Number: 54629517
  • Type: Multi-Family - Multiple Detached Dw
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 1,960 SqF
  • Land Size: 22,002 sqft
  • Year Built: 2008
Financial
Price:
$1,200,000
Price/SqFT:
$612.24
HOA Fee:
Tax Rate:
1.6155 %
Est. Monthly:
$15,591 *
Tax Amount:
$19,386
Amenities and features
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Floors:
    Concrete
    Cooling:
    Central Electric
    Heating:
    Central Electric
    Dishwasher:
    Yes
    Microwave:
    Yes
  • Roof:
    Composition
    Exterior Type:
    Cement Board,Wood
    Parking Unit:
    Two
    Front Door Face:
    East

Listed By:
Thomas Eureste

Nan & Company Properties - Corporate Office (Heights)

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