One of the only investor-controlled rental assets on Lake Conroe located next to April Sound Golf & Country Club! A prestigious, 24-hour manned-gated community. This type of opportunity almost never comes to market. 1 of 2 12 Units buildings | @24959 SF ea | @ 2 Acres | Spacious 2BD Units Up to 1,596 SF | near identical building for sale additionally next door with an additional 12 units, with large floor plans featuring balconies, fireplaces, lake views, and unit sizes that command premium rents post-renovation. With strong cash flow potential and a low vacancy rate in area, there is a clear path for rent growth through renovations. Investors will appreciate the multiple exit strategies available, including stabilization and refinancing or the potential for individual unit sell-off. This is an exceptional opportunity for investors seeking value-add potential in a supply-constrained market. Excellent STR potential as well. Schedule your appointment today to explore this unique asset!
| MLS # | 77721582 |
|---|---|
| Listing Type | For Lease |
| HOA Dues | $26,165 |
| Status | Pending |
| Year | 1980 |
| Days On Site | 12 |
| Listing Provided By | Keller Williams Realty The Woodlands | Jeremy Larkin |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 24,959 |
| Story(s) | 2 |
| Units | 1 |
| Acreage | 1.08 |
| Golf Course | Yes |
| Property View | Lake, Water View |
| Property | 82737 |
|---|
| State | TX |
|---|---|
| County | Montgomery |
| City | Conroe |
| Zip Code | 77356 |
| Area | 39 |
| Subarea | Lake Conroe Area |
| Community Name | April Sound |
| School District | 37 - Montgomery |
| Elementary School | Stewart Creek Elementary School |
| High School | 37 - Montgomery |
| Listing VS Median (in April Sound) | |
Price: $1,250,000 low | high Med: $300,000 sqft: 24,959 low | high Med: 2,338 $ / sqft: $50 low | high Med: $128 On site: 12 low | high Med: 12 | |
| State | TX |
|---|---|
| County | Montgomery |
| City | Conroe |
| Zip Code | 77356 |
| Area | 39 |
| Subarea | Lake Conroe Area |
| Community Name | April Sound |
| School District | 37 - Montgomery |
| Elementary School | Stewart Creek Elementary School |
| High School | 37 - Montgomery |
| Listing VS Median (in April Sound) | |
Price: $1,250,000 low | high Med: $300,000 sqft: 24,959 low | high Med: 2,338 $ / sqft: $50 low | high Med: $128 On site: 12 low | high Med: 12 | |