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Tanglewood Manor Apartments 928 N 3rd St

10 Unit Apartment Building For Sale Conroe, TX 77301

Investment Highlights

  • 2 buildings with 10 total units
  • 0.18 acres (8,000 SF) of vacant land.
  • 8,215 total building square footage on 0.34 acres

Executive Summary

These ten vintage apartment units in Conroe, Texas, present a rare investment opportunity due to the city’s rapid population growth and proximity to Houston. The property has maintained high occupancy and minimal rental increases through the years, leaving plenty of rental growth for the next owner. An 8,000-SF vacant tract attached to the property provides additional rental upside. Conroe is one of the fastest-growing cities in America due to its proximity to Houston, affordability, and strong schools.

Property Facts

Sale Type Investment
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.52 AC
Building Size 8,215 SF
No. Stories 2
Year Built 1952

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Range
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 - 821
2+1 6 - 821
3+1 1 - 821

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4560-00-01700
Land Assessment
$28,130
Improvements Assessment
$401,870
Total Assessment
$430,000

zoning

Zoning Code 1
1
  • Listing ID: 32935754

  • Date on Market: 8/23/2024

  • Last Updated:

  • Address: 928 N 3rd St, Conroe, TX 77301

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