2042 Teal Dr - Dormitory FOR SALE


Spring, TX 77386- Porter Heights/Woodbranch
$740,000 USD
281-203-1099
2042 Teal Dr, Spring, TX for Sale
$740,000 USD
Dormitory - FOR SALE
1/7
null | 5.5% Cap Rate


HIGHLIGHTS

  • Remarkable Investment Opportunity!

OVERVIEW

Remarkable Investment Opportunity on Full Acre: Multi-Unit Property with Tremendous Potential. This versatile residence offers three separate rental units: upstairs features 2 beds, 1 bath, kitchen, breakfast area, and spacious living room; downstairs provides 3 beds, 2 baths; plus a separate 1-bedroom apartment/office space. Located in a desirable area with strong rental demand, this property presents the perfect opportunity to renovate and create a profitable multi-unit investment. The generous one-acre lot offers ample parking, outdoor living potential, and room for future expansion. Strategically priced to accommodate your renovation vision while promising substantial returns for the savvy investor.

FOR SALE DETAILS

PRICE

$740,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

3

PRICE/UNIT

$246,667

CAP RATE

5.5%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi family with building-storage

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Dormitory

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,589 SF

ZONING

None

APN/PARCEL ID

8990-05-04200

ASK ABOUT THIS PROPERTY

Jesus SaenzeXp RealtyMore Info
281-203-1099

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Jesus SaenzeXp RealtyMore Info
281-203-1099

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