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Sweetwater Condominiums 1000 April Sound Blvd 24 Unit Apartment Building $4,196,610 CAD ($174,859 CAD/Unit) Montgomery, TX 77356
Investment Highlights
- 24Unit Value Add Inside Gated April Sound – Rare multifamily control in a prestigious, manned gated Lake Conroe community.
- Experienced Operator Opportunity – This opportunity is best suited for principals with direct experience in multifamily repositioning, capital
- Multiple Exit Strategies – Stabilize and refinance, hold for appreciation, or explore individual unit selloff potential.
- Supply Constrained Waterfront Market – Limited competing inventory within gated communities supports long term pricing power.
- Clear Path to Stabilization & Rent Growth – Renovation driven upside with defined lease up strategy and operational lift.
Executive Summary
This is a rare opportunity to acquire a waterfront commercial investment property on Lake Conroe, located inside the prestigious April Sound Golf & Country Club community at 1000 April Sound Blvd, Montgomery, Texas.
The property consists of two multi-tenant buildings totaling 24 units (12 units per building) situated within a manned, gated community—an extremely uncommon feature for commercial property on Lake Conroe. The location offers strong visibility, high-income demographics, and limited competing inventory in a secure waterfront environment.
With the right repositioning strategy, this asset presents significant value-add potential through renovations, operational improvements, and lease-up opportunities. Investors can capitalize on the supply-constrained waterfront market while benefiting from the prestige and built-in demand associated with April Sound.
Positioned near the April Sound Golf & Country Club, the property enjoys access to a steady base of residents, visitors, and high-end lakefront homeowners—making it an attractive location for service businesses, boutique retail, or professional offices.
Access the Deal Room:
Financials, rent roll, documents, and due diligence materials are available in the secure deal room: https://rem.ax/AprilSoundDealRoom
Why This Location Works
• Inside April Sound Gated Community – Located within the prestigious April Sound Golf & Country Club on Lake Conroe.
• Strong Local Demographics – Surrounded by established residential neighborhoods and waterfront homes.
• Limited Waterfront Commercial Supply – Few commercial properties exist inside gated lake communities.
• Tourism & Recreation Area – Lake Conroe attracts steady visitors for boating, golf, and lake activities.
• Growing Montgomery County Market – Continued population and housing growth supports long-term demand.
Approximate Drive Times
• 2–3 minutes to TX-105
• 8–10 minutes to Downtown Montgomery
• 15 minutes to I-45
• 20 minutes to The Woodlands
• 25 minutes to Conroe
• 45 minutes to Downtown Houston
The property consists of two multi-tenant buildings totaling 24 units (12 units per building) situated within a manned, gated community—an extremely uncommon feature for commercial property on Lake Conroe. The location offers strong visibility, high-income demographics, and limited competing inventory in a secure waterfront environment.
With the right repositioning strategy, this asset presents significant value-add potential through renovations, operational improvements, and lease-up opportunities. Investors can capitalize on the supply-constrained waterfront market while benefiting from the prestige and built-in demand associated with April Sound.
Positioned near the April Sound Golf & Country Club, the property enjoys access to a steady base of residents, visitors, and high-end lakefront homeowners—making it an attractive location for service businesses, boutique retail, or professional offices.
Access the Deal Room:
Financials, rent roll, documents, and due diligence materials are available in the secure deal room: https://rem.ax/AprilSoundDealRoom
Why This Location Works
• Inside April Sound Gated Community – Located within the prestigious April Sound Golf & Country Club on Lake Conroe.
• Strong Local Demographics – Surrounded by established residential neighborhoods and waterfront homes.
• Limited Waterfront Commercial Supply – Few commercial properties exist inside gated lake communities.
• Tourism & Recreation Area – Lake Conroe attracts steady visitors for boating, golf, and lake activities.
• Growing Montgomery County Market – Continued population and housing growth supports long-term demand.
Approximate Drive Times
• 2–3 minutes to TX-105
• 8–10 minutes to Downtown Montgomery
• 15 minutes to I-45
• 20 minutes to The Woodlands
• 25 minutes to Conroe
• 45 minutes to Downtown Houston
Property Facts
| Price | $4,196,610 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $174,859 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.00 AC |
| No. Units | 24 | Building Size | 49,918 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1980 |
| Zoning | 3 | ||
| Price | $4,196,610 CAD |
| Price Per Unit | $174,859 CAD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 49,918 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Zoning | 3 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 2147-00-00100 | Improvements Assessment | $331,789 CAD |
| Land Assessment | $48,229 CAD | Total Assessment | $380,018 CAD |
Property Taxes
Parcel Number
2147-00-00100
Land Assessment
$48,229 CAD
Improvements Assessment
$331,789 CAD
Total Assessment
$380,018 CAD
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Sweetwater Condominiums | 1000 April Sound Blvd
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