For Sale
$1,299,999

8716 Clb House DrWillis, TX 77378

Five renovated single-family rentals, 100% occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a portfolio of five single-family rental homes located at 8716 Club House Drive, Willis, Texas, 77378, in Montgomery County. The property boasts a total of 5,500 square feet across five buildings, each situated on a half-acre lot totaling 20,255 square feet. Built in 1981 and extensively renovated between 2021 and 2022, these homes feature split bedroom plans, brand new kitchens, flooring, paint, windows, and appliances. Each unit offers two parking spaces. Currently enjoying 100% occupancy with long-term tenants, the property generates a strong NOI of $92,000, representing a 7.08% cap rate. Pro-forma projections indicate a potential NOI of $140,000 and a 10.77% cap rate. The asking price is $1,299,999, or $259,999.80 per unit, and the property is zoned for residential use. The advantageous location near the future Texas National Club house and country club provides a peaceful and desirable living environment. This is a rare opportunity to acquire a fully occupied, high-performing multifamily investment property with significant upside potential.

Highlights

  • Five single-family homes on 2.25 acres in Willis, TX.
  • 5,500 total sq ft, each home on a half-acre lot.
  • Recently renovated (2021-2022) with new kitchens, flooring, paint, windows, and appliances.
  • 100% occupancy with long-term tenants, generating $92,000 NOI (7.08% cap rate).
  • Pro forma NOI of $140,000 (10.77% cap rate) and asking price of $1,299,999 ($260,000 per unit).

Property Details for 8716 Clb House Dr

Property type
Residential income homes
Square Feet
5,500 SF
Year Built/Renovated
1981/2021
Buildings
5
Stories
1
Units
5

Location Insight

City
Willis
County
Montgomery
State
Texas
Latitude
30.416611953476
Longitude
-95.442855153398
8716 Clb House Dr, Willis, Texas

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8716 Clb House Dr
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