928 N 3rd St - Apartments FOR SALE


Conroe, TX 77301- Downtown Conroe
$575,000 USD
281-477-4363
928 N 3rd St, Conroe, TX for Sale
$575,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

928 N 3rd St
Conroe, TX 77301
Downtown Conroe


OVERVIEW

These ten vintage apartment units in Conroe, Texas, present a rare investment opportunity due to the city’s rapid population growth and proximity to Houston. The property has maintained high occupancy and minimal rental increases through the years, leaving plenty of rental growth for the next owner. An 8,000-SF vacant tract attached to the property provides additional rental upside. Conroe is one of the fastest-growing cities in America due to its proximity to Houston, affordability, and strong schools.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$70 USD /SF

# OF UNITS

10

PRICE/UNIT

$57,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tanglewood Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

1

APN/PARCEL ID

4560-00-01700

ASK ABOUT THIS PROPERTY

Austen BaldridgeNewQuest PropertiesMore Info
281-477-4363

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Austen BaldridgeNewQuest PropertiesMore Info
281-477-4363

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