Grand Monarch Apartments | 155 Plez Morgan
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Grand Monarch Apartments 155 Plez Morgan
72 Unit Apartment Building $12,000,000 ($166,667/Unit) Montgomery, TX 77356
Executive Summary
Grand Monarch Apartments isa 2023 construction,72-unit garden style
apartment complex located just north of Hwy 105 and west of Lake
Conroe in Montgomery,TX. The property sitson 7.591 acresand
consistsof twelve (12) buildingswith six (6) unitsper building. There are
two (2)floor plans including 24 - 1 bed/1 bath unitsand 48 - 2 bed /2
bacth units.
The community has lotsof green space and overlooksa pond, so it offers
a unique,tranquil setting. The buildingsare 3-story and were
constructed with wood frame,Hardie board,pitched/shingled roofsand
stone on the exterior. The interior unitshave stainlessappliances,
brushed nickel fixtures,laminate counter tops,outside storage and
washer/dryer connectionsw/ machines in every unit. The unitsare
individually metered for electrical and have individual split units for hot
water and air conditioning. There isadditional green space on the
property which could accommodate a new amenity like storage units,
BBQ grill and pergola,dog park,etc.
The property'smarket rate and proforma rentsare projected at $1.59/sf
for 1-bedroom unitsand $1.43/sf for 2-bedroom units.
Grand Monarch isoffered for sale on a fee-simple,free and clear basis.
apartment complex located just north of Hwy 105 and west of Lake
Conroe in Montgomery,TX. The property sitson 7.591 acresand
consistsof twelve (12) buildingswith six (6) unitsper building. There are
two (2)floor plans including 24 - 1 bed/1 bath unitsand 48 - 2 bed /2
bacth units.
The community has lotsof green space and overlooksa pond, so it offers
a unique,tranquil setting. The buildingsare 3-story and were
constructed with wood frame,Hardie board,pitched/shingled roofsand
stone on the exterior. The interior unitshave stainlessappliances,
brushed nickel fixtures,laminate counter tops,outside storage and
washer/dryer connectionsw/ machines in every unit. The unitsare
individually metered for electrical and have individual split units for hot
water and air conditioning. There isadditional green space on the
property which could accommodate a new amenity like storage units,
BBQ grill and pergola,dog park,etc.
The property'smarket rate and proforma rentsare projected at $1.59/sf
for 1-bedroom unitsand $1.43/sf for 2-bedroom units.
Grand Monarch isoffered for sale on a fee-simple,free and clear basis.
Property Facts
| Price | $12,000,000 | Building Class | B |
| Price Per Unit | $166,667 | Lot Size | 7.65 AC |
| Sale Type | Investment | Building Size | 71,400 SF |
| No. Units | 72 | Average Occupancy | 42% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Garden |
| Price | $12,000,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.65 AC |
| Building Size | 71,400 SF |
| Average Occupancy | 42% |
| No. Stories | 3 |
| Year Built | 2024 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Freezer
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $1,150 | 725 |
| 2+2 | 48 | $1,400 | 975 |
1 of 1
-
Tyler Bynum -
Jerad Rector -
David Turner -
Worldwide Commercial, PLLC
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Grand Monarch Apartments | 155 Plez Morgan
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.