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155 Plez MorganMontgomery, TX 77356

Luxury Montgomery Apartments, 7.59 Acres

Overview

Added:
Dec 11, 2024
Days on market:
117
Grand Monarch Apartments, a 72-unit multifamily property in Montgomery, Texas, presents a compelling investment opportunity. Completed in 2023, this garden-style complex boasts 12 three-story buildings situated on a 7.59-acre lot, offering ample green space and a tranquil pond view. The property features a mix of 24 one-bedroom/one-bathroom and 48 two-bedroom/two-bathroom units, each equipped with stainless steel appliances, brushed nickel fixtures, laminate countertops, outside storage, and in-unit washer/dryer connections. Individual electric and HVAC meters ensure efficient utility management. High-quality construction includes wood framing, Hardie board siding, pitched/shingled roofs, and stone exteriors. Projected market rate rents are $1.59 per square foot for one-bedroom units and $1.43 per square foot for two-bedroom units. The property's 71,400 square feet provide significant potential for future amenity additions, such as storage units, a BBQ area, pergola, or dog park, within the existing landscape. This fee-simple property is offered free and clear, presenting a strong foundation for immediate income generation and future growth. The property's location, just north of Highway 105 and west of Lake Conroe, offers convenient access to local amenities and attractions. The property is located at 155 Plez Morgan, Montgomery, TX 77356.

Highlights

  • 72-unit multifamily property in Montgomery, TX, built in 2023.
  • Garden-style complex on 7.59 acres with a pond view, featuring 24 one-bedroom/one-bathroom and 48 two-bedroom/two-bathroom units.
  • Units include stainless steel appliances, brushed nickel fixtures, laminate countertops, outside storage, and in-unit washer/dryer connections; individual electric and HVAC meters.
  • High-quality construction with wood framing, Hardie board siding, pitched/shingled roofs, and stone exteriors.
  • Projected market rents: $1.59/SF for one-bedrooms and $1.43/SF for two-bedrooms.
  • 71,400 square feet with potential for amenity additions.

Property Details for 155 Plez Morgan

Property type
Apartment buildings
Square Feet
71,400 SF
Year Built
2023
Buildings
12
Stories
3
Lot Size (sq. ft)
330,620 SF
Units
72

Location Insight

City
Montgomery
County
Montgomery
State
Texas
Latitude
30.401213597759
Longitude
-95.696215438573
155 Plez Morgan, Montgomery, Texas

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155 Plez Morgan
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