111-127 Bnd CtWillis, TX 77378

For Sale
$3,200,000

12-Unit, Class A Duplexes, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a portfolio of six brand-new, Class A duplexes totaling twelve units, situated on a 0.9-acre lot in Willis, Texas. Built in 2023, these single-story buildings boast 100% occupancy and a strong 5.44% cap rate, generating a substantial net operating income (NOI) of $173,942. Each unit, spanning 1,096 square feet, features three bedrooms and two bathrooms, modern amenities including faux granite countertops, stainless steel appliances (range/oven, microwave, dishwasher, refrigerator), ceramic tile floors, and washer/dryer connections. Residents enjoy private fenced yards and landscaping is included in the rent. The property's convenient location, approximately 20 minutes from Sam Houston State University, attracts a desirable tenant mix of students, young professionals, and small families. The portfolio benefits from its proximity to major employers such as the Texas Department of Corrections, Sam Houston State University, and several school districts and medical centers. The asking price is $3,200,000, representing a price per unit of $266,667 and a price per square foot of $243.31. The property's six buildings are adjacent, simplifying management. Current leases average $1,500 per month, presenting potential for future rent increases. Detailed financial information is available upon request. The property's APN numbers are 8862-00-01400, 8862-00-01500, 8862-00-01600, 8862-00-01700, and 8862-00-01800. Zoned residential, this portfolio offers a compelling investment opportunity in a thriving Texas market.

Highlights

  • 5.44% Cap Rate.
  • Brand new, 100% occupied, six-duplex portfolio in Willis, TX.
  • Twelve units, 1,096 square feet each.
  • Quiet community attracting students, young professionals, and families.
  • Three-bedroom, two-bathroom units built in 2023.
  • Located 20 minutes from Sam Houston State University.

Property Details for 111-127 Bnd Ct

Property type
Multifamily properties, Residential income homes
Square Feet
13,152 SF
Class
A
Year Built
2023
Buildings
6
Stories
1
Lot Size (sq. ft)
39,204 SF
Units
12

Location Insight

City
Willis
County
Montgomery
State
Texas
Latitude
30.417368189474
Longitude
-95.478369156108
111-127 Bnd Ct, Willis, Texas

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111-127 Bnd Ct
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