16957 Rabon Chapel Rd - Apartments FOR SALE


Montgomery, TX 77316
$1,685,000 USD
281-809-4006
16957 Rabon Chapel Rd, Montgomery, TX for Sale
$1,685,000 USD
Apartments - FOR SALE
1/3
null | 8.47% Cap Rate

16957 Rabon Chapel Rd
Montgomery, TX 77316


HIGHLIGHTS

  • RENOVATED AND FULLY OCCUPIED
  • GREAT LOCATION NEAR LAKE CONROE
  • STRONG DEMAND IN MONTGOMERY COUNTY
  • LIMITED MARKET SUPPLY
  • ZONED SCHOOLS: Lone Star Elementary: A (Niche), Oak Hills Junior High: A (Niche), Lake Creek High School: A- (Niche)

OVERVIEW

The property has been recently renovated, offering updated features and modern amenities, and is currently fully occupied, ensuring steady rental income. There is growing demand for multifamily product in Montgomery County, driven by population growth, a favorable legal environment for landlords, and lighter expense burdens concerning insurance and taxes.

FOR SALE DETAILS

PRICE

$1,685,000 USD

PRICE/SF

$162 USD /SF

# OF UNITS

16

PRICE/UNIT

$105,313

CAP RATE

8.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rabon Chapel Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

18

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial

APN/PARCEL ID

5860-00-07100

ASK ABOUT THIS PROPERTY

Luke MatthewsMatthews Real Estate Investment ServicesMore Info
281-809-4006

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Luke MatthewsMatthews Real Estate Investment ServicesMore Info
281-809-4006

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