13091 Hydra CtWillis, TX 77318

For Sale
$1,600,000

7 Fully Leased Homes, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity: a portfolio of seven fully leased single-family homes in the gated Point Aquarius community in Willis, Texas (zip code 77318, Montgomery County). This Class A, stabilized investment boasts a 5.99% cap rate and a substantial net operating income (NOI) of $95,856. The portfolio comprises seven buildings, each with two stories, offering a total of 11,056 net rentable square feet. Lot sizes range from 3,375 to 4,500 square feet. Built between 2000 and 2015, each home provides four parking spaces per unit. The properties are currently 100% occupied, generating a price per unit of $228,571.43, with an asking price of $1,600,000. This turnkey investment benefits from the desirable amenities of Point Aquarius, including 24/7 security, marinas, boat ramps, and recreational facilities. The homes are located at various addresses within the community, including Hydra Ct, Altair Ct, Orion Ct, Cetus Ct, and Aquila Ct W, and Centaurus Ct. This is a rare opportunity to acquire a high-performing, fully leased rental portfolio in a sought-after location. No ground lease is involved. The APNs are 8090-01-15600, 8090-01-26600, 8090-01-10200, and 8090-01-19900.

Highlights

  • Exceptional investment opportunity: Seven fully leased single-family homes in the gated Point Aquarius community, Willis, TX (77318).
  • Class A, stabilized portfolio with a 5.99% cap rate and $95,856 NOI.
  • 11,056 net rentable square feet across seven two-story buildings, 100% occupancy.
  • $1,600,000 asking price; $228,571.43 per unit.
  • Desirable amenities include 24/7 security, marinas, and recreational facilities.

Property Details for 13091 Hydra Ct

Property type
Multifamily properties, Residential income homes
Class
A
Buildings
7
Stories
2
Units
7

Location Insight

City
Willis
County
Montgomery
State
Texas
Latitude
30.4334006
Longitude
-95.5817501
13091 Hydra Ct, Willis, Texas

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13091 Hydra Ct
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