1500 S 3rd St - Apartments FOR SALE


Conroe, TX 77301
$1,300,000 USD
210-848-3312
1500 S 3rd St, Conroe, TX for Sale
$1,300,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

1500 S 3rd St
Conroe, TX 77301


HIGHLIGHTS

  • 10 Spacious Units – 2 bedrooms, 1 bathroom
  • Prime Location – Conveniently situated near schools, shopping, dining, and major transportation routes
  • Strong Rental Income – High occupancy rates
  • Well-Maintained – Minimal deferred maintenance, making this property move-in ready for tenants
  • Ample Parking – Spaces for tenant convenience

OVERVIEW

This turnkey investment offers a hassle-free opportunity with steady cash flow. Each +/-800 sqft unit is individually metered and features 2 bedrooms, 1 bathroom, a kitchen, and a living room. The property includes ample parking and a large backyard with a park-like setting, providing potential for additional development to further increase income. Exterior features include a storage unit and a trash container. Long-term tenants with leases already in place ensure stable revenue. Ideally located near The Woodlands and Conroe, this property is an excellent addition to any investment portfolio. Don’t miss out on this high-performing asset. Recent upgrades include laminate flooring, granite countertops, black appliances, fresh paint, washer/dryer hookups, new water heaters, HVAC systems, and furnaces. The roof was replaced in 2018.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

10

PRICE/UNIT

$130,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0806-00-00109

ASK ABOUT THIS PROPERTY

Kyle HeffronCorpMore Info
210-848-3312

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Kyle HeffronCorpMore Info
210-848-3312

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