For Sale
$450,000

85 Kalyn Rd Huntsville, TX 77340

8-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 8-unit multifamily investment property in Huntsville, Texas, presents a unique opportunity for savvy investors. Situated on two acres with paved road frontage, this portfolio comprises five 2-bedroom, 1-bathroom mobile homes and three site-built homes offering a mix of 2-bedroom/2-bathroom and 2-bedroom/1-bathroom floor plans. Built between 1980 and 2017, the property boasts a total of 7,024 square feet. The newer units (2017 construction) feature two bedrooms and two full bathrooms. While all units currently utilize community water, a well is also available on the property. Septic systems are a mix of conventional and aerobic systems. The seller has diligently maintained the property, completing updates to many of the older units. High rental demand in this area ensures quick occupancy, making this a strong investment. The property's location offers easy access to Huntsville's amenities and benefits from the robust economic growth fueled by Sam Houston State University, a rapidly expanding institution with over 21,000 students. Additional major employers in the area include TDCJ, Region 6 Educational Service Center, Walmart, and Weatherford, further solidifying the investment potential. The property's APN numbers are 16625 and 62769. This established portfolio is priced at $450,000, representing a price per square foot of $64.07. The property is located at 85 Kalyn Rd, Huntsville, TX 77340. Within a five-mile radius, the total population exceeds 4,182, with an average household income exceeding $67,157.

Highlights

  • $450,000 asking price for an 8-unit multifamily property.
  • 7,024 square feet on a 2-acre lot in Huntsville, TX.
  • Property includes 5 mobile homes and 3 site-built homes; built in 2017 and 1980.
  • Strong rental demand in Huntsville due to Sam Houston State University and other major employers.
  • Average household income within a 5-mile radius is approximately $67,000.

Property Details for 85 Kalyn Rd

Property type
Residential income homes
Square Feet
7,024 SF
Buildings
8
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Huntsville
County
Walker
State
Texas
Latitude
30.7021521
Longitude
-95.422068

FAQs

What type of property is this?
Residential income home - 8-Unit Multifamily Investment
Where is the residential income home located?
The property is located at 85 Kalyn Rd Huntsville, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: $450,000 asking price for an 8-unit multifamily property.; 7,024 square feet on a 2-acre lot in Huntsville, TX.; Property includes 5 mobile homes and 3 site-built homes; built in 2017 and 1980.
How can I contact the broker?
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85 Kalyn Rd
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