5 Manning Ln, Madisonville, TX 77864

Property Details for 5 Manning Ln

Lot size

11.80 lot acres

Property type

Residential income homes

Description

This exceptional investment opportunity in Madisonville, Texas, presents a portfolio of seven rental units spread across four buildings situated on over 11 acres of land. The property includes a renovated 1.5-story single-family home featuring updated kitchen cabinets and granite countertops; a 2-bedroom, 2-bathroom single-family home with an attached garage/workshop; a duplex with two 2-bedroom, 2-bathroom units currently rented month-to-month; and a triplex comprising three 2-bedroom, 2-bathroom units, one of which sustained fire damage. The expansive lot boasts a large pond and road frontage on two sides, offering significant potential for future development or expansion. Located within Madisonville city limits, this property provides convenient access to local amenities while remaining approximately 45 minutes from Bryan/College Station and 90 minutes from Houston. The asking price is $650,000, representing a price per unit of approximately $92,857. Parcel ID numbers are 17254, 17253, 17256, and 28251. The property is zoned CITY. This multi-family investment offers a unique blend of existing rental income and significant upside potential due to its size, location, and diverse housing options. The property's diverse unit types cater to a range of renters, maximizing occupancy and rental income. The large lot and pond provide a unique selling point for tenants and future development possibilities. The convenient location offers easy access to major cities while maintaining a peaceful, small-town atmosphere. This is an ideal investment for those seeking a diversified portfolio with strong potential for long-term growth and returns.

Location Insight

City

Madisonville

County

Madison

State

Texas

Longitude

-95.9101

Latitude

30.9364