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Eagle's Nest Apartments 21754 McCleskey Rd 40 Unit Apartment Building $8,177,995 CAD ($204,450 CAD/Unit) 5.39% Cap Rate New Caney, TX 77357
Investment Highlights
- Surrounded by new developments, including the Valley Ranch Town Center, a 240-acre, 1.5 million square feet of retail, dining, and entertainment
- Southeast Montgomery submarket is on the of the fastest growing markets in the Houston area, with high population growth
- Close proximity to several schools, parks, and entertainment
Executive Summary
KW Commercial is pleased to present the offering of 21754 McCleskey Rd., an opportunity to acquire a stabilized 40-unit multifamily investment in the rapidly growing Southeast Montgomery County submarket of New Caney, Texas. Built in 2021, the property is strategically positioned near major retail, dining, and entertainment destinations, including Valley Ranch Town Center, a 240-acre mixed-use development featuring approximately 1.5 million square feet of commercial space. Residents benefit from convenient access to nearby schools, parks, and recreational amenities, while investors can capitalize on the area's strong population growth, expanding economic base, and increasing demand for quality housing within one of the fastest-growing markets in the Houston metropolitan area.
Property Facts
| Price | $8,177,995 CAD | Apartment Style | Garden |
| Price Per Unit | $204,450 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 3.86 AC |
| Cap Rate | 5.39% | Building Size | 50,964 SF |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | 5 | ||
| Price | $8,177,995 CAD |
| Price Per Unit | $204,450 CAD |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 3.86 AC |
| Building Size | 50,964 SF |
| No. Stories | 2 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | 5 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 32 | - | 900 |
| 1+1 | 8 | - | 900 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 4083-01-00100 | Improvements Assessment | $3,411,035 CAD |
| Land Assessment | $220,759 CAD | Total Assessment | $3,631,794 CAD |
Property Taxes
Parcel Number
4083-01-00100
Land Assessment
$220,759 CAD
Improvements Assessment
$3,411,035 CAD
Total Assessment
$3,631,794 CAD
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Eagle's Nest Apartments | 21754 McCleskey Rd
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