For Sale
$975,000

1799 League Line RdConroe, TX 77304

Six-unit townhome complex, high growth area.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a six-unit townhome complex ideally situated in Conroe, Texas, at 1799 League Line Rd, 77304. Built in 2010, this well-maintained property boasts 6,966 square feet and offers a compelling blend of immediate income and significant upside potential. The property comprises four three-bedroom, 2.5-bathroom units and two two-bedroom, one-bathroom units. Each unit includes a one-car garage and a fenced yard. Current annual income is $81,000, with annual expenses totaling $34,440. However, with most leases month-to-month and current rents significantly below market value ($1200 minimum for 2-bedroom and $1500 minimum for 3-bedroom units), a substantial increase in rental income is readily achievable. A planned rent increase of $100 per month per unit starting November 1st will further boost profitability. The property's prime location, just three minutes from I-45, provides easy access to major transportation routes, shopping, and dining, enhancing its appeal to tenants. The high-growth area surrounding the property ensures strong long-term value appreciation. The property's design also allows for potential expansion with the addition of two more units. This turnkey investment offers a rare combination of immediate cash flow, significant rental upside, and excellent long-term growth prospects in a desirable location. The asking price is $975,000.

Highlights

  • $975,000 asking price for a six-unit apartment building in Conroe, TX.
  • 6,966 square feet, built in 2010, two stories.
  • Six units total: two 2-bedroom/1-bathroom and four 3-bedroom/2.5-bathroom units, each with a one-car garage and fenced yard.
  • Current annual income approximately $81,000, with potential to increase to $100,800 based on market rents.
  • Annual expenses approximately $34,440.
  • Located in a high-growth area, three minutes from I-45.

Property Details for 1799 League Line Rd

Property type
Apartment buildings
Square Feet
6,966 SF
Year Built
2010
Stories
2
Units
6

Location Insight

City
Conroe
County
Montgomery
State
Texas
Latitude
30.3689596
Longitude
-95.4956015
1799 League Line Rd, Conroe, Texas

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1799 League Line Rd
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