$2,500,000
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2 Beds
2 Baths
18,238 SqFt
SOLD DATE : 07/11/2022
Key Details
Property Type Multi-Family
Sub Type 5 Plus
Listing Status Sold
Purchase Type For Sale
Square Footage 18,238 sqft
Price per Sqft $128
Subdivision Panorama-Green Briar 02
MLS Listing ID 45778313
Sold Date 07/11/22
Bedrooms 2
Full Baths 2
Year Built 1987
Annual Tax Amount $25,339
Tax Year 2021
Lot Size 1.418 Acres
Property Description
Fantastic opportunity for investors for a 16 unit FULLY LEASED 55+ apartment complex-Located on the 20th Green of the Panorama Golf Course! The 2 story apartment building has an elevator in addition to stairs at both ends of the building. Each spacious unit is approx 1,200 SF & offers 2 bedrooms / 2 full bathrooms - primary has a walk-in shower. There is 1 reserved covered parking space for each apartment & additional parking for guests. There are 6 golf cart sized garages that are also fully leased. 2 lots are being included in the sale - R131723 and R131724 totaling 2.21 Acres - plenty of room to add a second apartment building & additional parking. Located conveniently near the Woodlands and Conroe. Please don't walk the property without owner's consent. Qualified investors will have the opportunity to look at the property in detail during the feasibility period. Verify all room sizes. Property being sold as is, where is. Please see the Matterport tour of one unit using the link.
Location
State TX
County Montgomery
Area Lake Conroe Area
Interior
Heating Central Gas
Cooling Central Electric
Flooring Carpet, Tile
Exterior
Roof Type Composition
Building
Lot Description Cleared, Corner, In Golf Course Community, On Golf Course, Wooded
Faces Southeast
Story 2
Unit Features Balcony,Elevator,Fireplace,Patio
New Construction No
Schools
Elementary Schools A.R. Turner Elementary School
Middle Schools Robert P. Brabham Middle School
High Schools Willis High School
School District 56 - Willis
Others
Senior Community Yes
Restrictions Deed Restrictions
Tax ID 7720-02-15400
Acceptable Financing Cash Sale, Conventional, Investor
Tax Rate 2.4982
Disclosures Tenant Occupied
Listing Terms Cash Sale, Conventional, Investor
Financing Cash Sale,Conventional,Investor
Special Listing Condition Tenant Occupied
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