23431 Mcspadon RdPorter, TX 77365

This exceptional 29-unit multifamily property in Porter, Texas presents a compelling investment opportunity. Boasting a 6.00% capitalization rate and 100% occupancy, this new construction offers immediate cash flow. Situated on a spacious 3.58-acre lot, the two-story building features individually metered utilities, simplifying management and maximizing efficiency. The property benefits from unique triple net style leases, ensuring consistent income and minimizing landlord responsibilities. Long-term tenants are currently in place, providing stability and predictable returns. Below-market rents offer significant upside potential for future income growth. Conveniently located near Highway 59 and Grand Parkway 99, this property enjoys easy access to major transportation routes. Its proximity to multiple schools adds to its appeal. Furthermore, the property is situated outside all designated flood zones, mitigating risk. The Net Operating Income (NOI) is a substantial $415,904. This turnkey investment is ready for an immediate return. Don't miss this chance to acquire a high-performing, well-maintained multifamily asset in a desirable location.