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    1729 Hazelwood St Conroe, TX 77301

    Sponsored
    For Sale
    $450,000

    High-Yield Duplex, Booming Conroe

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This well-maintained, single-story duplex in Conroe, Texas, presents a compelling investment opportunity. Located at 1729 Hazelwood St, in Montgomery County, zip code 77301, this Class B property boasts 100% occupancy with a current gross monthly income of $2,075 ($24,900 annually). The asking price is $450,000, representing a $225,000 price per unit and a 5.00% cap rate. The property benefits from long-term tenants (mostly month-to-month leases), allowing for potential rental increases with 30-day notice. All utilities are paid by tenants, simplifying management. Conroe's rapid growth, fueled by factors such as the recent opening of a large Home Depot distribution center just five minutes away, ensures a stable rental market. The property's proximity to The Woodlands and downtown Conroe further enhances its appeal. This investment offers significant upside potential through market-rate rent adjustments. Conroe is consistently ranked among the fastest-growing cities nationally, making this a highly attractive investment in a thriving Texas market. The property is currently listed as a stabilized investment.

    Property Features for 1729 Hazelwood St

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Class B, single‑story duplex in Conroe, TX (77301) with 100% occupancy.
    • $450,000 asking price, $225,000 per unit, 5.00% cap rate, and $2,075 monthly gross income ($24,900 annually).
    • Long‑term tenants on mostly month‑to‑month leases allowing for rent increases with 30‑day notice; tenants pay all utilities.
    • Strong rental market fueled by Conroe's rapid growth and proximity to The Woodlands and a new Home Depot distribution center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Hair Salon Clothing Store Food Market Grocery Store Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.428317800501
    Latitude
    30.30936025977

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    FAQs

    What type of property is this?
    Multifamily property - High-Yield Duplex, Booming Conroe
    Where is this multifamily property located?
    The property is located at 1729 Hazelwood St Conroe, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Class B, single-story duplex in Conroe, TX (77301) with 100% occupancy.; $450,000 asking price, $225,000 per unit, 5.00% cap rate, and $2,075 monthly gross income ($24,900 annually).; Long-term tenants on mostly month-to-month leases allowing for rent increases with 30-day notice; tenants pay all utilities.
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    1729 Hazelwood St Conroe, TX 77301
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    Conroe, TX 77301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1729 Hazelwood St Conroe, TX 77301
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