9902-9906 Grosbeak Ln - 50% Leased Turnkey '23 Duplex Near Woodlands
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!
9902-9906 Grosbeak Ln - 50% Leased Turnkey '23 Duplex Near Woodlands
2 Unit Apartment Building Offered at $510,000 at a 4.94% Cap Rate in Magnolia, TX 77354
Investment Highlights
- Perfect for 1031 Exchange
- 4.75% Financing
- High Growth Potential
- Turnkey 100% Leased
- Professionally Managed
Executive Summary
50% Leased and Professionally Managed! 4.25% Special Financing Available with Builder's Preferred Lender. Cashflow Positive Class-A new construction luxury attached townhome community in growing market just 3 miles west of the Woodlands sold as duplexes. Fantastic location where residents can enjoy world class retail, dining and hospitals in the Woodlands within a short drive. Magnolia has experienced 50% population growth in the decade. Children attend Magnolia ISD schools. Each unit offers 3 bedrooms, 2 baths & 2 car garage with fenced in back yard for pets and privacy & covered back patios. Large living rooms & island kitchens, stainless appliances, granite counters, tile backsplash, brushed nickel pendant light & fixtures, cultured marble square vanity sinks, Walk-in Tile Shower in Primary Bath, Wood-look LVT Vinyl Plankboard Floor. Sod in yards with included sprinkler systems. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable rate.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$45,480
|
$17.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,480
|
$17.08
|
| Taxes |
$13,981
|
$5.25
|
| Operating Expenses |
$6,298
|
$2.37
|
| Total Expenses |
$20,279
|
$7.62
|
| Net Operating Income |
$25,201
|
$9.47
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $45,480 |
| Annual Per SF | $17.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $45,480 |
| Annual Per SF | $17.08 |
| Taxes | |
|---|---|
| Annual | $13,981 |
| Annual Per SF | $5.25 |
| Operating Expenses | |
|---|---|
| Annual | $6,298 |
| Annual Per SF | $2.37 |
| Total Expenses | |
|---|---|
| Annual | $20,279 |
| Annual Per SF | $7.62 |
| Net Operating Income | |
|---|---|
| Annual | $25,201 |
| Annual Per SF | $9.47 |
Property Facts
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Granite Countertops
- Carpet
- Attic
- Double Pane Windows
- Island Kitchen
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $1,895 | 1,301 - 1,331 |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $116,000 (2023) | |
| Land Assessment | $116,000 (2023) | Annual Taxes | $13,981 ($5.25/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$116,000 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$116,000 (2023)
Annual Taxes
$13,981 ($5.25/SF)
Tax Year
2024
1 of 33
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
9902-9906 Grosbeak Ln - 50% Leased Turnkey '23 Duplex Near Woodlands
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.