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26904 Brentwood Rd

11 Unit Apartment Building $949,000 ($86,273/Unit) 8.86% Cap Rate Splendora, TX 77372

Investment Highlights

  • Currently Operating as a Retreat in Quiet Residential Country Community
  • Great Mix of Income Producing Assets (See Flyer for Details)
  • Perfect for a Bed & Breakfast, S/T Rentals, L/T Rentals, an Event Center, or Senior Living Living
  • Email admin@bhcrehouston.com for NDA/Proforma. ** Access will NOT be granted without Agent**
  • FF&E in Cottages & Event Hall Convey. House Furnishings Negotiable

Executive Summary

Impeccably maintained retreat on 2.5 wooded acres. This property features 7 residential units (6 buildings), a community pavilion, a recreation/event hall, and a warehouse. The property is ideally constructed to operate as a bed & breakfast, short term rentals, or long-term rentals. May also work for an event center or retirement facility. Property operates on city water and septic. It contains a great mix of income producing assets including 6 cottages, a house, a warehouse, an event hall, 2 RV storage spaces & plenty of land to hold large events. See full ”BUILDING IMPROVEMENTS AND LAND DESCRIPTIONS” in the flyer for more details. The main house is approximately 2,400 SF with 3 Bed/ 2.5 Bath. Cottages are a mix of 2 Bed/1 Bath, 1 Bed/1 Bath, & Efficiencies. Each of the buildings is individually metered for electric. Furniture in all cottages convey with sale, including linens. Items needed to operate an event center also convey, including tables, chairs, linens. Laundry Facilities & Linen Storage is also available on the property. The Recreation/Event Hall and the surrounding 2.5 wooded acres is ideal for holding large events including weddings, family reunions, church events or other events requiring overnight accommodations. Warehouse may also be used for events during cooler months. The 2,720 SF Warehouse includes some air-conditioned storage and has enough room to store antique cars with 2 roll-up doors & 2 additional entries. There are also 2 dedicated RV Storage Spaces Available. Property will be delivered vacant at closing.
Please do not disturb renters. Contact Rick Stallings or James Warner to view the property. Access will not be granted without an agent.

Property Facts

Price $949,000
Price Per Unit $86,273
Sale Type Investment
Cap Rate 8.86%
No. Units 11
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Garden
Building Class C
Lot Size 2.50 AC
Building Size 10,266 SF
Average Occupancy 0%
No. Stories 1
Year Built/Renovated 2005/2017

Unit Amenities

  • Air Conditioning
  • Fireplace
  • Microwave
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • High Speed Internet Access
  • Refrigerator
  • Tub/Shower
  • Carpet
  • Wi-Fi
  • Yard
  • Grill
  • Built-In Bookshelves
  • Family Room
  • Garden
  • Instant Hot Water
  • Lawn
  • Linen Closet
  • Pantry
  • Patio
  • Porch
  • Smoke Free
  • Wheelchair Accessible (Rooms)
  • Window Coverings
  • Workshop

Site Amenities

  • Clubhouse
  • Laundry Facilities
  • Picnic Area
  • Furnished Units Available
  • Grill
  • Guest Apartment
  • Smoke Free
  • Community-Wide WiFi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2.5 1 - 2,400
2+1 2 - 960 - 1,140
1+1 2 - 450 - 504
Studios 2 - 224 - 288

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2673-01-01605
Land Assessment
$108,900
Improvements Assessment
$608,750
Total Assessment
$717,650
  • Listing ID: 31512936

  • Date on Market: 4/5/2024

  • Last Updated:

  • Address: 26904 Brentwood Rd, Splendora, TX 77372

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