100 La Costa Dr - Apartments FOR SALE


Montgomery, TX 77356- Grand Harbor
$1,900,000 USD
469-660-1282
100 La Costa Dr, Montgomery, TX for Sale
$1,900,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

100 La Costa Dr
Montgomery, TX 77356
Grand Harbor


HIGHLIGHTS

  • Significant redevelopment opportunity with a strong upside for investors in a charming lakeside community, comprising 26 units and room for expansion.
  • Backed by the acclaimed Margaritaville Golf Course and encompassed by esteemed retailers and day-to-day amenities within a five-minute drive.
  • Highly affluent, where an average household income of $132,561 contributes to $489,930,426 in total consumer spending within a 3-mile radius.
  • Enter an attractive and expanding market, with a population increasing by 6.3% since 2020 and projected to rise by 4.9% over the next four years.

OVERVIEW

100 La Costa Drive offers tremendous value-add potential with 26 residential units, a commercial building, and additional land for future development. The residential units are approximately 1,086 square feet each, while the commercial building is estimated at 3,000 square feet. Additionally, approximately 2 acres of land are available for new construction, offering ample opportunity for expansion. Suites are ready for full customization, allowing complete renovations and the addition of fire sprinklers to meet modern standards. Located next to Margaritaville and directly across from Lake Conroe, this site boasts an exceptional location. Positioned by the Margaritaville Golf Course and the Walden on Lake Conroe Golf Club, this site is in a prestigious community with numerous lifestyle-rich amenities in the surrounding area. Residents can enjoy quick access to everyday conveniences in Montgomery, such as Walmart Supercenter, Chick-fil-A, and CVS, just a five-minute drive away. 100 La Costa Drive presents an exceptional opportunity to capitalize on Grand Harbor’s strong demographics and unlock future growth potential.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

26

PRICE/UNIT

$73,077

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

3

APN/PARCEL ID

4013-03-02210

ASK ABOUT THIS PROPERTY

Josh DeShongNorth Texas Real Estate Information Systems, Inc.More Info
469-660-1282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Josh DeShongNorth Texas Real Estate Information Systems, Inc.More Info
469-660-1282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.