9902-9906 Grosbeak Ln - Apartments FOR SALE


Magnolia, TX 77354
$510,000 USD
713-922-2702
9902-9906 Grosbeak Ln, Magnolia, TX for Sale
$510,000 USD
Apartments - FOR SALE
1/32
null | 4.94% Cap Rate

9902-9906 Grosbeak Ln
Magnolia, TX 77354


HIGHLIGHTS

  • Perfect for 1031 Exchange
  • Turnkey 100% Leased
  • 4.75% Financing
  • Professionally Managed
  • High Growth Potential

OVERVIEW

100% Leased and Professionally Managed! 4.25% Special Financing Available with Builder's Preferred Lender. Cashflow Positive Class-A new construction luxury attached townhome community in growing market just 3 miles west of the Woodlands sold as duplexes. Fantastic location where residents can enjoy world class retail, dining and hospitals in the Woodlands within a short drive. Magnolia has experienced 50% population growth in the decade. Children attend Magnolia ISD schools. Each unit offers 3 bedrooms, 2 baths & 2 car garage with fenced in back yard for pets and privacy & covered back patios. Large living rooms & island kitchens, stainless appliances, granite counters, tile backsplash, brushed nickel pendant light & fixtures, cultured marble square vanity sinks, Walk-in Tile Shower in Primary Bath, Wood-look LVT Vinyl Plankboard Floor. Sod in yards with included sprinkler systems. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable rate.

FOR SALE DETAILS

PRICE

$510,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

4

PRICE/UNIT

$127,500

CAP RATE

4.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased Turnkey '23 Duplex Near Woodlands

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

-

APN/PARCEL ID

4590-02-07100,4590-02-07200

ASK ABOUT THIS PROPERTY

Erion ShehajSignature Real EstateMore Info
713-922-2702

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Erion ShehajSignature Real EstateMore Info
713-922-2702

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