25030 Twin Oaks DrNew Caney, TX 77357

For Sale
$770,000
7-unit cashflowing property, 6.14% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 7-unit multifamily investment property in New Caney, TX, presents a compelling opportunity for investors seeking strong cash flow and appreciation potential. Located at 25030 Twin Oaks Dr, 77357, this stabilized, turnkey asset boasts a 6.14% cap rate and a substantial net operating income (NOI) of $47,245. The property comprises three buildings totaling 3,774 square feet on a 16,510 square foot lot. The unit mix includes a fourplex with three 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, a duplex with two 2-bedroom, 1-bathroom units, and a single 1-bedroom, 1-bathroom dwelling. All units, except the single dwelling, have all utilities (water and electric) paid. Each unit features washer/dryer connections, and appliances including a stove/microwave and refrigerator. The property benefits from ample open parking, hard-plank siding exterior construction, and asphaltic concrete paving. Two buildings received new roofs in October 2024, while the third roof is approximately 10 years old. The property is zoned for opportunity and enjoys a 100% occupancy rate. Its convenient location near key areas of North Houston, including The Woodlands, Spring, Conroe, Intercontinental Airport, and Humble, ensures strong rental demand. This property offers a rare combination of immediate cash flow and long-term growth potential in a thriving market. The asking price is $770,000, representing $110,000 per unit. This is a truly exceptional investment opportunity.

Highlights

  • 7-unit multifamily property comprised of three buildings.
  • Fourplex with three 2-bed/1-bath units and one 1-bed/1-bath unit.
  • Duplex with two 2-bed/1-bath units.
  • Single 1-bed/1-bath unit.
  • Water and electric are included (except for the single-family unit).
  • Washer/dryer connections in each unit.

Property Details for 25030 Twin Oaks Dr

Property type
Residential income homes, Apartment buildings
Square Feet
3,774 SF
Class
B
Year Built/Renovated
2003/2020
Buildings
3
Stories
1
Units
7

Location Insight

City
New Caney
County
Montgomery
State
Texas
Latitude
30.135128805187
Longitude
-95.182141526423
25030 Twin Oaks Dr, New Caney, Texas

FAQs

What type of property is this?
Residential income home - 7-unit cashflowing property, 6.14% cap rate.
Where is the residential income home located?
The property is located at 25030 Twin Oaks Dr New Caney, TX.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: 7-unit multifamily property comprised of three buildings.; Fourplex with three 2-bed/1-bath units and one 1-bed/1-bath unit.; Duplex with two 2-bed/1-bath units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
25030 Twin Oaks Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message