1107 Palestine St 12 Unit Apartment Building Offered at $1,212,288 CAD at a 7.70% Cap Rate Conroe, TX 77301

Excellent investment opportunity, 12 unit multi-family in Conroe, Texas. This 12 unit efficiency apartment complex offers convenient access to employment, grocery stores, shopping, dining, entertainment, and other everyday amenities, making it an attractive and convenient location for tenants. The property has been consistently maintained, with updates performed as needed during tenant turnovers. Improvements include fresh interior paint, some appliances, updated plumbing fixtures, replaced windows, and other ongoing maintenance designed to keep the units cleaned, functional and rentable. All 12 units are equipped with new or nearly new water heaters. Electrical panels serving the individual units have also been updated with code and insurance approved panels, addressing two significant building systems that perspective investors often consider when evaluating an older, multi-family property. The property offers an on-site coin operated laundry room, and maintenance shed equipped with tools, miscellaneous parts, etc. to properly maintain the building, with an established rental income stream that presents an excellent opportunity for an investor seeking steady cash flow from a manageable multi-family asset in the growing conroe market. With 12 units, an established operating history, ongoing property improvements, and a convenient location, this property offers a strong combination of current income and long-term investment potential.