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13165 Snow Ln
Willis, TX 77318

Multifamily Property For Sale · 12 Units

Investment Highlights

  • 12 units in place with attractive NOI, up to 88 additional units
  • 4.29acres on Lake Conroe, prime location
  • infrastructure in place for additional unit multi family development

Executive Summary

a rare and lucrative investment opportunity nestled along the serene shores of Lake Conroe. Welcome to Presidential Shores, an exquisite waterfront condo community poised for both immediate cash flow and exponential future growth. Striking Financials & Immediate Cash Flow: In-Place NOI: A robust over $171,000, generated from 12 existing units. Each unit: 1,200 sq ft featuring 2 bedrooms and 2 baths, skillfully designed with an open, modern floor plan. Properties crafted in 2015, endowed with luxury finishes including granite countertops in kitchens and baths, custom cabinetry, and elegant tile flooring. Unparalleled Expansion Potential: Plans for the development of 88 additional units, promising a remarkable scaling opportunity. Infrastructure meticulously laid with water, sewer, and utilities; coupled with graded, engineered building pads already in place to significantly lower future development costs. Enchanting Location: Merely 4 miles from I-45, situating you conveniently close to The Woodlands and a wealth of amenities at Lake Conroe and Willis – restaurants, shopping, hospitals, and more, all at your doorstep. Enjoy a sprawling 4.29 total acres of prime lakefront property on Lake Conroe, ensuring a perpetual allure for prospective residents and investors alike. Features Tailored for Luxury & Convenience: Gated lakefront development assures a secure and tranquil environment. Two expansive parking lots to facilitate ample parking. Established grading and drainage systems. Private docks, welcoming boaters and jet-ski enthusiasts alike. Stellar Units & Community: Executive condos grant residents direct access to Lake Conroe's myriad recreational opportunities. Large rooms, designed with attention to detail and an aesthetic that parallels the natural beauty outside. All utilities are in place, ensuring seamless living and operational continuity. Investment Made Easier: Seller financing available, accommodating financial pathway for your investment. Enjoy no MUD tax and unrestricted use, enabling greater flexibility in your investment and operational strategy. Indulge in the perfect blend of immediate profitability and long-term growth, with Presidential Shores’s existing units and the boundless potential awaiting in its future expansions. A community where luxury, nature, and financial acumen converge, creating a harmonious living and investment space.

PROPERTY FACTS

No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 4.29 AC
Building Size 12,564 SF
Average Occupancy 100%
No. Stories 2
Year Built 2015
Parking Ratio 0.16/1,000 SF
APN / Parcel ID 0042-01-03201

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 12 $2,000 12

Amenities

Unit Amenities

  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Kitchen
  • Refrigerator
  • Tub/Shower
  • Carpet
  • Dining Room
  • Pantry

Site Amenities

  • Controlled Access
  • Fenced Lot
  • Waterfront
  • Gated
  • Dock
  • Lake Access
  • Sundeck

zoning

Zoning Code N/A
N/A
  • Listing ID: 29736480

  • Date on Market: 10/7/2023

  • Last Updated:

  • Address: 13165 Snow Ln, Willis, TX 77318

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