2042 Teal Dr - Dormitory FOR SALE


Spring, TX 77386- Porter Heights/Woodbranch
$695,000 USD
281-660-4797
2042 Teal Dr, Spring, TX for Sale
$695,000 USD
Dormitory - FOR SALE
1/91
null | 8.3% Cap Rate


HIGHLIGHTS

  • Remarkable Investment Opportunity!

OVERVIEW

Investor’s Dream – Multi-Unit Property on corner lot w/ Huge Upside & No Restrictions. Rare opportunity to acquire a versatile, income-generating property, & run your own business. Sprawling .87 acre, corner lot in a high-demand rental market. Unique setup features three separate units: 1) 2-bed/1-bath upstairs, 2) 3-bed/2-bath downstairs, 3) a private 2-bed, 1 bath apartment or office space—ideal for short or long-term tenants, multigenerational living or medical long term housing. Expansive lot offers abundant parking, outdoor living space, and potential for future expansion or added amenities. Located in a desirable area w/ strong rental comps and lot of growth potential, this property is perfect for investors looking to add value, generate consistent cash flow, and build long-term equity. This is a prime opportunity to create a high-performing asset with excellent ROI. Close proximity to The Woodlands, Hwy 99, I45, Exxon Campus 7 Bush Airport, approx. 35 mins to downtown Houston.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

3

PRICE/UNIT

$231,667

CAP RATE

8.3%

% 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

Jake JohnstoneXp RealtyMore Info
281-660-4797

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Jake JohnstoneXp RealtyMore Info
281-660-4797

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