New Listing
5440 Highline Drive,Montgomery, TX 77316
Montgomery, TX 77316
Description
Exceptional investment opportunity in Montgomery, TX! This multifamily property consists of four duplexes totaling eight income-producing units, all currently leased and generating cash flow from day one. The property has benefited from ongoing improvements, including new roofs, new water heaters in select units, and renovations completed in several units as vacancies occurred over recent years. With an established rental history and existing tenants in place, this is an ideal opportunity for investors looking to add a stabilized multifamily asset to their portfolio. Even more upside awaits with additional land offering the potential to build more duplexes in the future and further increase rental income. A rare combination of immediate cash flow, continued improvements, and future expansion potential in growing Montgomery! The other 3 duplex addresses are 5498, 5516 and 5462 Highline Drive Montgomery, TX 77316
Details
| MLS # | 54629517 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2008 |
| Days On Site | 2 |
| Listing Provided By | Nan & Company Properties - Corporate Office (Heights) | Thomas Eureste |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 1,960 |
| Story(s) | 1 |
| Units | 8 |
| Acreage | 22002.00 |
Taxes
| Tax Annual Amount | 4344 |
|---|
Area Information
| State | TX |
|---|---|
| County | Montgomery |
| City | Montgomery |
| Zip Code | 77316 |
| Area | 39 |
| Subarea | Lake Conroe Area |
| Community Name | Holly Estates 01 |
| Listing VS Median (in Holly Estates 01) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 1,960 low | high Med: 1,960 $ / sqft: $612 low | high Med: $612 On site: 2 low | high Med: 2 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Montgomery |
| City | Montgomery |
| Zip Code | 77316 |
| Area | 39 |
| Subarea | Lake Conroe Area |
| Community Name | Holly Estates 01 |
| Listing VS Median (in Holly Estates 01) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 1,960 low | high Med: 1,960 $ / sqft: $612 low | high Med: $612 On site: 2 low | high Med: 2 | |