Luxury Townhome Duplex in
For Sale
$469,900
9756-9760 Grosbeak Ln, Magnolia, TX 77354
Leased townhome duplex near The Woodlands with modern amenities.
Property Size2,662 SF
Price / SF$176.52
Days on Market211
Property Features for 9756-9760 Grosbeak Ln
General Information
Standard status
Active
Size
2,662 SF
Property subtype
Multi-Family
Building Details
Year Built
2022
Listing Agency:
Signature Real Estate
Listed By:
Erion Shehaj · License #0516948
(713) 952-3200
Source:
Nova-era
Added: Mar 10
Changed: Sep 10
Last Checked: Oct 6 at 12:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Real Estate
Investment Insights
Based on property information with market context.
This is a 100% leased, luxury attached townhome community located in a growing market just 3 miles west of The Woodlands. Positioned in a location where residents can access retail, dining, and hospitals in The Woodlands with a short drive. The Magnolia area has experienced a 50% population growth in the last decade. Each unit features 3 bedrooms, 2 baths, and a 2-car garage, along with a fenced backyard and covered back patios. The interiors include large living rooms and island kitchens equipped with stainless steel appliances, granite counters, tile backsplash, brushed nickel pendant lights and fixtures, and cultured marble square vanity sinks. The primary bath features a walk-in tile shower. Wood-look LVT vinyl plankboard flooring is installed throughout. The yards are sodded and include sprinkler systems. The property is located within the Magnolia ISD school district and offers an easy commute to major area employers. Professional property management is in place.
Key Highlights
- 100% Leased Investment Property: Enjoy immediate rental income with this hassle‑free investment.
- Prime Location: Benefit from close proximity to the Woodlands' world‑class amenities including retail, dining, and hospitals.
- Strong Growth Area: Located in Magnolia, experience the advantages of a thriving market with a 50% population growth.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,688
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,760
$593.8K
Cap Rate 7%
$424,114
$424.1K
Cap Rate 9%
$329,867
$329.9K
Market Conditions
NOI Build-Up for 2,662 SF
Gross rent
$45.4K $17.04/SF
− Vacancy
−$2.9K −$1.11/SF
EGI
$42.4K $15.93/SF
− OpEx
−$12.7K −$4.78/SF
NOI
$29.7K $11.15/SF
Area
Montgomery County, TX
Vacancy
6.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,760
Cap Rate 7%
$424,114
Cap Rate 9%
$329,867
Alternative Uses
Best Use
Multifamily LT 5
$424.1K
$371.1K – $494.8K
NOI $29,688 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$399.6K
$349.6K – $466.2K
NOI $27,970 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$672.0K
$588.0K – $784.0K
NOI $47,042 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 77354, TX
40,625
Population
15,747
Households
2.6
Avg Household Size
38
Median Age
42%
College-Educated
93%
High-School Grad
74.2 sq mi
ZIP Area
548
Density / Sq Mi
$112,093
Median Household Income
$58,832
Median Earnings
$1,850
Median Rent
$379,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Leased townhome duplex near The Woodlands with modern amenities.
Where is this duplex located?
The property is located at 9756-9760 Grosbeak Ln Magnolia, TX.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 100% Leased Investment Property: Enjoy immediate rental income with this hassle‑free investment.; Prime Location: Benefit from close proximity to the Woodlands' world‑class amenities including retail, dining, and hospitals.; Strong Growth Area: Located in Magnolia, experience the advantages of a thriving market with a 50% population growth.
