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135 Teralyn Grove Loop - 2 Home Package in The Woodlands Hills, Texas 3,702 SF Specialty Building Offered at $1,533,358 CAD in Willis, TX 77318
Investment Highlights
- 135 Teralyn Grove is across from the 17-acre park, formerly model home
- No neighbors on one end of each home, tenant occupied
- Plenty of parking spaces in coveted location
Executive Summary
Great Investment opportunity, better tenants.
Both of these properties are located in The Woodlands Hills master-planned community in Willis, TX. Tenant occupied, do not disturb them.
148 Gray Pine Grove Way
Property Type: Single-Family Traditional Home
Key Specs: 4 Bedrooms, 3.5 Bathrooms, 3,702 Sq. Ft.
Interior Highlights: This home features a cathedral ceiling foyer with expansive windows that fill the space with natural light. The layout includes a formal living area, a dedicated home office, a game room, and a media room upstairs. The kitchen is designed for entertaining with a large quartz island, walk-in pantry, and breakfast bar.
Exterior & Lot: Situated on a generous 0.30-acre corner lot with a fully fenced backyard. The exterior is finished with a classic brick and stone combination.
Community Perks: Residents have access to neighborhood amenities, including a clubhouse and subdivision tennis courts. Many improvements were made in 2024.
135 Teralyn Grove Loop
Property Type: Single-Family Home (Former Model Home)
Key Specs: 5 Bedrooms, 3 Full Bathrooms, ~3,618 Sq. Ft.
Interior Highlights: As a former model home, this property boasts high-end finishes and abundant natural light. The floor plan includes both formal living and dining areas, a game room, and a kitchen featuring soft-closing cabinets and drawers with an island. The primary suite is conveniently located on the first floor.
Energy & Tech: Equipped with energy-efficient HVAC, a digital programmable thermostat, and pre-wiring for sound and alarm systems.
Exterior & Lot: The property features a fully fenced backyard with a sprinkler system and sits on a ~11,489 sq. ft. lot
148 Gray Pine Grove is generating $3,300.00 per month on a two-year lease, potentially for extending
135 Teralyn Grove Loop is generating $3,550.00 with 6 months left on the lease, but with the intention of extending the lease
Lease pricing could be negotiated at the end of the term.
Both of these properties are located in The Woodlands Hills master-planned community in Willis, TX. Tenant occupied, do not disturb them.
148 Gray Pine Grove Way
Property Type: Single-Family Traditional Home
Key Specs: 4 Bedrooms, 3.5 Bathrooms, 3,702 Sq. Ft.
Interior Highlights: This home features a cathedral ceiling foyer with expansive windows that fill the space with natural light. The layout includes a formal living area, a dedicated home office, a game room, and a media room upstairs. The kitchen is designed for entertaining with a large quartz island, walk-in pantry, and breakfast bar.
Exterior & Lot: Situated on a generous 0.30-acre corner lot with a fully fenced backyard. The exterior is finished with a classic brick and stone combination.
Community Perks: Residents have access to neighborhood amenities, including a clubhouse and subdivision tennis courts. Many improvements were made in 2024.
135 Teralyn Grove Loop
Property Type: Single-Family Home (Former Model Home)
Key Specs: 5 Bedrooms, 3 Full Bathrooms, ~3,618 Sq. Ft.
Interior Highlights: As a former model home, this property boasts high-end finishes and abundant natural light. The floor plan includes both formal living and dining areas, a game room, and a kitchen featuring soft-closing cabinets and drawers with an island. The primary suite is conveniently located on the first floor.
Energy & Tech: Equipped with energy-efficient HVAC, a digital programmable thermostat, and pre-wiring for sound and alarm systems.
Exterior & Lot: The property features a fully fenced backyard with a sprinkler system and sits on a ~11,489 sq. ft. lot
148 Gray Pine Grove is generating $3,300.00 per month on a two-year lease, potentially for extending
135 Teralyn Grove Loop is generating $3,550.00 with 6 months left on the lease, but with the intention of extending the lease
Lease pricing could be negotiated at the end of the term.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$112,538
|
$30.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$112,538
|
$30.40
|
| Taxes |
$42,441
|
$11.46
|
| Operating Expenses |
$3,012
|
$0.81
|
| Total Expenses |
$45,453
|
$12.28
|
| Net Operating Income |
$67,084
|
$18.12
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $112,538 |
| Annual Per SF | $30.40 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $112,538 |
| Annual Per SF | $30.40 |
| Taxes (CAD) | |
|---|---|
| Annual | $42,441 |
| Annual Per SF | $11.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,012 |
| Annual Per SF | $0.81 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,453 |
| Annual Per SF | $12.28 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $67,084 |
| Annual Per SF | $18.12 |
Property Facts
Amenities
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Property Taxes
| Parcel Numbers | Total Assessment | $1,353,987 CAD | |
| Land Assessment | $199,100 CAD | Annual Taxes | $42,441 CAD ($11.46 CAD/SF) |
| Improvements Assessment | $1,154,887 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$199,100 CAD
Improvements Assessment
$1,154,887 CAD
Total Assessment
$1,353,987 CAD
Annual Taxes
$42,441 CAD ($11.46 CAD/SF)
Tax Year
2025
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135 Teralyn Grove Loop - 2 Home Package in The Woodlands Hills, Texas
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