21754 McCleskey Rd - Apartments FOR SALE


New Caney, TX 77357
$5,750,000 USD
909-980-6868
21754 McCleskey Rd, New Caney, TX for Sale
$5,750,000 USD
Apartments - FOR SALE
1/5
null | 5.39% Cap Rate

21754 McCleskey Rd
New Caney, TX 77357


HIGHLIGHTS

  • Surrounded by new developments, including the Valley Ranch Town Center, a 240-acre, 1.5 million square feet of retail, dining, and entertainment
  • Close proximity to several schools, parks, and entertainment
  • Southeast Montgomery submarket is on the of the fastest growing markets in the Houston area, with high population growth

OVERVIEW

KW Commercial is pleased to present the offering of 21754 McCleskey Rd., an opportunity to acquire a stabilized 40-unit multifamily investment in the rapidly growing Southeast Montgomery County submarket of New Caney, Texas. Built in 2021, the property is strategically positioned near major retail, dining, and entertainment destinations, including Valley Ranch Town Center, a 240-acre mixed-use development featuring approximately 1.5 million square feet of commercial space. Residents benefit from convenient access to nearby schools, parks, and recreational amenities, while investors can capitalize on the area's strong population growth, expanding economic base, and increasing demand for quality housing within one of the fastest-growing markets in the Houston metropolitan area.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

40

PRICE/UNIT

$143,750

CAP RATE

5.39%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eagle's Nest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.86 AC

LAND SF

168,142 SF

ZONING

5

APN/PARCEL ID

4083-01-00100

ASK ABOUT THIS PROPERTY

Rene Ramos, Jr.KW Commercial- Inland EmpireMore Info
909-980-6868

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Rene Ramos, Jr.KW Commercial- Inland EmpireMore Info
909-980-6868

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