213 Maple StHighlands, TX 77562

For Sale
$1,300,000

24-unit senior living, wooded lot

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 24-unit senior living facility, located at 213 Maple St., Highlands, TX 77562, presents a unique investment opportunity. Situated on a wooded lot in eastern Harris County, approximately two miles north of Interstate 10, this property offers a tranquil setting with an outdoor walking trail. The building comprises 24 individual units, each pair sharing a common bathroom and shower. Shared interior common areas include a kitchen, offices, dining area, and multiple relaxation zones for residents to socialize, read, watch television, or engage in individual or group activities. Recently, eight units underwent mold remediation, meeting all industry safety standards. These eight units require refinishing (sheetrock, paint, electrical, plumbing fixtures). Current residents will vacate by the end of September, allowing a new owner to renovate and re-lease. The asking price of $1,300,000 reflects a $300,000 reduction from the average price of comparable land and buildings in the area. The property is conveniently located near Baytown (6 miles southeast) and Crosby/Kingwood (northwest). This property is being offered by a non-profit organization shifting its focus.

Highlights

  • Motivated seller: Non-profit owner changing focus.
  • Eight units require interior renovation (drywall, paint, fixtures). Remediation of prior mold issue complete and certified.
  • Property vacant by end of September, allowing immediate repositioning.
  • Asking price reflects market value, discounted $300,000.

Location Insight

City
Highlands
County
Harris
State
Texas
Latitude
29.821090169194
Longitude
-95.061789420917
213 Maple St, Highlands, Texas

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213 Maple St
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