$495,000
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2 Beds
2 Baths
1.5 Acres Lot
SOLD DATE : 08/05/2022
Key Details
Property Type Multi-Family
Sub Type Multiple Detached Dwellings
Listing Status Sold
Purchase Type For Sale
Subdivision Timberlane Acres
MLS Listing ID 35361027
Sold Date 08/05/22
Bedrooms 2
Full Baths 2
Year Built 2019
Annual Tax Amount $1,106
Tax Year 2021
Lot Size 1.500 Acres
Property Sub-Type Multiple Detached Dwellings
Property Description
DRIVE BY ONLY, DO NOT DISTURBE TENANTS. Strong value add play. Currently 9 spaces occupied 4-5+ vacant lots. Approximately 14 total spaces will fit with current configuration. 2 are owned units rented well below market rents. 7 lots rented well below market rents. Current gross income ~4k. Increase to market lot rent and fill open lots and add three thousanddollars a month in income above current rents. Units are City Water and Sewer.
Location
State TX
County Montgomery
Area Porter/New Caney East
Interior
Heating Central Electric
Cooling Central Electric
Exterior
Roof Type Composition
Building
Story 1
New Construction No
Schools
Elementary Schools Porter Elementary School (New Caney)
Middle Schools Woodridge Forest Middle School
High Schools Porter High School (New Caney)
School District 39 - New Caney
Others
Senior Community No
Restrictions None
Tax ID 9260-02-01100
Tax Rate 2.5431
Disclosures Other Disclosures, Sellers Disclosure
Special Listing Condition Other Disclosures, Sellers Disclosure
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Agent | License ID: 0636269