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Austin Apartments 409 Austin Rd 24 Unit Apartment Building For Sale Conroe, TX 77301
INVESTMENT HIGHLIGHTS
- All Cash or New Loan Basis
- Easy Access to North Fwy and Hwy 105 E
- Possible Owner Financing
- Excellent Upside Potential
- Conroe has a water shortage and no new units are allowed
- All New Roofs
EXECUTIVE SUMMARY
The Austin Apartments is a one story garden-style apartment community located in the Conroe N/Montgomery submarket of Houston, TX. The asset was constructed in 1975 and offers residents many amenities including all electric kitchen, refrigerator, pantry, tile flooring, ceiling fans, central air conditioning and heating, and laundry facilities.
Owner estimated rehab: Heavy interior rehab: approx $21,400/unit
Heavy exterior rehab: approx $460,000/property
Conroe is located in Montgomery County just north of Houston. Since Interstate 45 travels through Conroe and leads into Houston’s business district, residents prefer living in this suburban neighborhood and commuting to work.
It’s no secret that the cost of living in Conroe is lower than Houston. The city is attractive to many renters because of the reasonable commute times, and it’s only a seven-mile drive to Lake Conroe, a popular outdoor recreational area.
There’s a lot going on in the city – you just have to know where to look. Locals enjoy exploring the Sam Houston National Forest, which covers 163,000 acres of land and is the perfect place for camping or a scenic hike. After a lovely dinner at Red Brick Tavern, locals look forward to a musical at the Crighton Theatre on North Main Street. The Heritage Museum of Montgomery County is a great place to go and learn about the city’s evolution through the decades – and it is right next to Candy Cane Park.
Owner estimated rehab: Heavy interior rehab: approx $21,400/unit
Heavy exterior rehab: approx $460,000/property
Conroe is located in Montgomery County just north of Houston. Since Interstate 45 travels through Conroe and leads into Houston’s business district, residents prefer living in this suburban neighborhood and commuting to work.
It’s no secret that the cost of living in Conroe is lower than Houston. The city is attractive to many renters because of the reasonable commute times, and it’s only a seven-mile drive to Lake Conroe, a popular outdoor recreational area.
There’s a lot going on in the city – you just have to know where to look. Locals enjoy exploring the Sam Houston National Forest, which covers 163,000 acres of land and is the perfect place for camping or a scenic hike. After a lovely dinner at Red Brick Tavern, locals look forward to a musical at the Crighton Theatre on North Main Street. The Heritage Museum of Montgomery County is a great place to go and learn about the city’s evolution through the decades – and it is right next to Candy Cane Park.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.86 AC |
| No. Units | 24 | Building Size | 8,500 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1977/2022 |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | 1 | ||
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.86 AC |
| Building Size | 8,500 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1977/2022 |
| Opportunity Zone |
Yes |
| Zoning | 1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Online Services
- Public Transportation
1 1
PROPERTY TAXES
| Parcel Number | 0249-01-03000 | Improvements Assessment | $761,072 CAD |
| Land Assessment | $105,535 CAD | Total Assessment | $866,607 CAD |
PROPERTY TAXES
Parcel Number
0249-01-03000
Land Assessment
$105,535 CAD
Improvements Assessment
$761,072 CAD
Total Assessment
$866,607 CAD
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Austin Apartments | 409 Austin Rd
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