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Bend Court Duplexes 111-127 S Bend Ct

12 Unit Apartment Building $3,200,000 ($266,667/Unit) 5.44% Cap Rate Willis, TX 77378

Investment Highlights

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

Executive Summary

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

Property Facts

Price $3,200,000
Price Per Unit $266,667
Sale Type Investment
Cap Rate 5.44%
Sale Conditions Bulk/Portfolio Sale
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.90 AC
Building Size 13,152 SF
Average Occupancy 100%
No. Stories 1
Year Built 2023
Parking Ratio 3.65/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Oven
  • Dining Room
  • Pantry

Site Amenities

  • Fenced Lot
  • Laundry Facilities
  • Trash Pickup - Curbside
  • Wi-Fi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 12 $1,475 1,096

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8862-00-01400
  • 8862-00-01600
  • 8862-00-01700
  • 8862-00-01500
  • 8862-00-01800
Land Assessment
$156,030
Improvements Assessment
$0
Total Assessment
$156,030

zoning

Zoning Code Residential (Residential)
Residential (Residential)
  • Listing ID: 31879914

  • Date on Market: 5/21/2024

  • Last Updated:

  • Address: 111-127 S Bend Ct, Willis, TX 77378

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