Shady Acres Apartments | 379 FM 3083 Rd
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Shady Acres Apartments 379 FM 3083 Rd
9 Unit Apartment Building For Sale Conroe, TX 77301
Investment Highlights
- 26% POPULATION GROWTH
- $133K AVERAGE HHI
- 93K CURRENT POPULATION
Executive Summary
Rare opportunity to acquire a stable, cash-flowing asset with future redevelopment potential. This 2-acre site features
8 multi-family units across three buildings, including (6) one-bedroom units, (2) two-bedroom units, and (1) fourbedroom house. Currently 100% leased, the development generates approximately $60,000 in annual gross rental
income. Ideally located with FM 3083 frontage, the site is situated on a major road near Hwy 105 and Loop 336,
surrounded by several large residential developments under construction.
8 multi-family units across three buildings, including (6) one-bedroom units, (2) two-bedroom units, and (1) fourbedroom house. Currently 100% leased, the development generates approximately $60,000 in annual gross rental
income. Ideally located with FM 3083 frontage, the site is situated on a major road near Hwy 105 and Loop 336,
surrounded by several large residential developments under construction.
Property Facts
| Sale Type | Investment | Lot Size | 2.00 AC |
| No. Units | 9 | Building Size | 7,863 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1980 |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 7,863 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 873 |
| 2+1 | 2 | - | 873 |
PROPERTY TAXES
| Parcel Number | 0539-01-05400 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $420,000 |
PROPERTY TAXES
Parcel Number
0539-01-05400
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$420,000
zoning
| Zoning Code | N/A |
| N/A |
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Shady Acres Apartments | 379 FM 3083 Rd
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