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Bend Court Duplexes 111-127 S Bend Ct 12 Unit Apartment Building $3,906,560 CAD ($325,547 CAD/Unit) 6.88% Cap Rate Willis, TX 77378

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INVESTMENT HIGHLIGHTS

  • 6.64% Cap Rate -
  • Portfolio of 6 Quaint Duplexes (12 units, 1,096 SF each) located in Willis,TX
  • 3 bedrooms/2 bath units built in 2023
  • BRAND NEW! 100% Occupied
  • Quiet Community Attracts Great Mix of Tenants
  • Just 20 minutes from Sam Houston State University

EXECUTIVE SUMMARY

Rick Stallings of Coldwell Banker Commercial is pleased to present this portfolio of 6 duplexes consisting of 12 units in rapidly growing Willis, Texas. They are adjacent to one another, making management of these properties relatively easy. 100% leased with an opportunity to raise rents. Recently built in 2023, so there should be very little maintenance..
The duplexes are located in a very quiet community, just 20 minutes from Sam Houston State University, with a student population of over 21,000. The size of these units is perfect for students, single working adults, and small families..
Each duplex is one story with room for 4 vehicles each. Each unit is 1,096 SF each. Each has 3 bedrooms/2 baths and features a nice size kitchen, faux granite counter-tops, range/oven, microwave, dishwasher, full sized refrigerator and ceramic tiled floors throughout. All units have washer/dryer connections, ceiling fans in living rooms and bedrooms, and a private fenced-in yard. All buildings have partial guttering. Landscaping is included in the rent.
Major employers in the area include Texas Dept of Corrections, Sam Houston State University, the Huntsville, Conroe and Willis School Districts. & Conroe Regional Medical Center, The Woodlands Hospital District.
DO NOT DISTURB TENANTS

PROPERTY FACTS

Price $3,906,560 CAD
Price Per Unit $325,547 CAD
Sale Type Investment
Cap Rate 6.88%
Sale Condition Bulk/Portfolio Sale
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.90 AC
Building Size 13,152 SF
Average Occupancy 100%
No. Stories 1
Year Built 2023
Parking Ratio 3.65/1,000 SF
Opportunity Zone Yes
Zoning Residential - Residential

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Oven
  • Dining Room
  • Pantry

SITE AMENITIES

  • Fenced Lot
  • Laundry Facilities
  • Trash Pickup - Curbside
  • Wi-Fi

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 12 $2,058 CAD 1,096
  • Listing ID: 31879914

  • Date on Market: 2024-05-21

  • Last Updated:

  • Address: 111-127 S Bend Ct, Willis, TX 77378

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