111-127 S Bend Ct - Apartments FOR SALE


Willis, TX 77378
$3,200,000 USD
713-503-0808
111-127 S Bend Ct, Willis, TX for Sale
$3,200,000 USD
Apartments - FOR SALE
1/6
null | 5.44% Cap Rate

111-127 S Bend Ct
Willis, TX 77378


HIGHLIGHTS

  • 5.8% Cap Rate - Email admin@bhcrehouston.com for NDA
  • BRAND NEW! 100% Occupied
  • Portfolio of 6 Quaint Duplexes (12 units, 1,096 SF each) located in Willis,TX
  • Quiet Community Attracts Great Mix of Tenants
  • 3 bedrooms/2 bath units built in 2023
  • Just 20 minutes from Sam Houston State University

OVERVIEW

Rick Stallings of Coldwell Banker Commercial is pleased to present this portfolio of 6 brand new duplexes consisting of 12 units in rapidly growing Willis, Texas. They are adjacent to one another, making management of these properties relatively easy. 100% leased with an opportunity to raise rents. Currently, leases are $1,500 per unit, with 2 just below that. Recently built in 2023, so there should be very little maintenance.. The duplexes are located in a very quiet community, just 20 minutes from Sam Houston State University, with a student population of over 21,000. The size of these units is perfect for students, single working adults, and small families.. Each duplex is one story with room for 4 vehicles each. Each unit is 1,096 SF each. Each has 3 bedrooms/2 baths and features a nice size kitchen, faux granite counter-tops, range/oven, microwave, dishwasher, full sized refrigerator and ceramic tiled floors throughout. All units have washer/dryer connections, ceiling fans in living rooms and bedrooms, and a private fenced-in yard. All buildings have partial guttering. Landscaping is included in the rent. Major employers in the area include Texas Dept of Corrections, Sam Houston State University, the Huntsville, Conroe and Willis School Districts. & Conroe Regional Medical Center, The Woodlands Hospital District. DO NOT DISTURB TENANTS

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

12

PRICE/UNIT

$266,667

CAP RATE

5.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bend Court Duplexes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

Residential

APN/PARCEL ID

8862-00-01400,8862-00-01500,8862-00-01600,8862-00-01700,8862-00-01800

ASK ABOUT THIS PROPERTY

Rick StallingsColdwell Banker Commercial RealtyMore Info
713-503-0808

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Rick StallingsColdwell Banker Commercial RealtyMore Info
713-503-0808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.