1500 S 3rd St
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!
1500 S 3rd St
10 Unit Apartment Building $1,300,000 ($130,000/Unit) Conroe, TX 77301
INVESTMENT HIGHLIGHTS
- 10 Spacious Units – 2 bedrooms, 1 bathroom
- Strong Rental Income – High occupancy rates
- Ample Parking – Spaces for tenant convenience
- Prime Location – Conveniently situated near schools, shopping, dining, and major transportation routes
- Well-Maintained – Minimal deferred maintenance, making this property move-in ready for tenants
EXECUTIVE SUMMARY
This turnkey investment offers a hassle-free opportunity with steady cash flow. Each +/-800 sqft unit is individually metered and features 2 bedrooms, 1 bathroom, a kitchen, and a living room. The property includes ample parking and a large backyard with a park-like setting, providing potential for additional development to further increase income. Exterior features include a storage unit and a trash container. Long-term tenants with leases already in place ensure stable revenue. Ideally located near The Woodlands and Conroe, this property is an excellent addition to any investment portfolio. Don’t miss out on this high-performing asset. Recent upgrades include laminate flooring, granite countertops, black appliances, fresh paint, washer/dryer hookups, new water heaters, HVAC systems, and furnaces. The roof was replaced in 2018.
PROPERTY FACTS
| Price | $1,300,000 | Apartment Style | Mid Rise |
| Price Per Unit | $130,000 | Building Class | B |
| Sale Type | Investment | Building Size | 9,072 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment |
| Price | $1,300,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Building Size | 9,072 SF |
| No. Stories | 2 |
| Year Built | 1984 |
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 10 | - | 800 |
1 of 1
PROPERTY TAXES
| Parcel Number | 0806-00-00109 | Improvements Assessment | $315,091 |
| Land Assessment | $34,909 | Total Assessment | $350,000 |
PROPERTY TAXES
Parcel Number
0806-00-00109
Land Assessment
$34,909
Improvements Assessment
$315,091
Total Assessment
$350,000
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1500 S 3rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.