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).
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.
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Contacts
Otto Muniz
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Twin Oaks Dr New Caney, TX 77357
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Twin Oaks Dr New Caney, TX 77357
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25030 Twin Oaks Dr
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