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
| Parcel Number | 4560-00-01700 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $330,000 |
ZONING
| Zoning Code | 1 |
