28011 Johnson Rd - Apartments FOR SALE


Tomball, TX 77375
$5,300,000 USD
936-900-6564
28011 Johnson Rd, Tomball, TX for Sale
$5,300,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

28011 Johnson Rd
Tomball, TX 77375


HIGHLIGHTS

  • All electric appliances (refrigerator, stove, microwave, and dishwasher
  • Partial units with wood-style laminate, living room and bathrooms and partial units with ceramic tile; carpet in bedrooms.
  • Washer & dryer hookups in all units.
  • Individual Water Heaters for all units.

OVERVIEW

Presenting Dogwood Townhomes, a distinguished 33-unit community strategically located in the flourishing suburb of Tomball, Texas. Originally constructed in 1977, with additions in 2001, this property enjoys a history of high occupancy and consistent rent growth, offering an excellent opportunity for increased rental income and enhanced NOI. The townhomes feature spacious layouts and in-demand amenities such as washer and dryer hookups, making them highly desirable to tenants. Located just outside Houston, Tomball has experienced a remarkable 20% population growth over the past decade, spurring significant commercial and residential expansion. Since 2020, the area has seen the development of 400 acres of commercial space and the construction of over 2,000 new homes, further solidifying its position as a hub of growth and opportunity. Dogwood Townhomes presents a secure and lucrative investment in a dynamic market with exceptional potential for future appreciation. Tomball, Texas, is a thriving suburb of Houston known for its smalltown charm, strong community atmosphere, and strategic location along major highways like Highway 249 and the Grand Parkway (SH 99). Over the past decade, Tomball has experienced remarkable growth, with a population increase of over 20%, transforming it into one of the region's most sought-after areas for residential and commercial development. The city's growth is fueled by its proximity to Houston's business hubs and a booming local economy. Tomball has seen significant real estate expansion, with new master-planned communities, luxury homes, and affordable housing developments catering to diverse buyers. Since 2020, more than 2,000 new homes have been constructed, and developers continue to invest in large-scale projects.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$147 USD /SF

# OF UNITS

33

PRICE/UNIT

$160,606

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dogwood Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

25

LAND DETAILS

LAND ACRES

3.8 AC

LAND SF

165,528 SF

ZONING

-

APN/PARCEL ID

1048040000003

ASK ABOUT THIS PROPERTY

936-900-6564

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936-900-6564

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