Rogers St Normangee, TX 77871
This exceptional investment opportunity presents seven single-family homes nestled on a generous two-acre lot in Normangee, Texas. Priced at $950,000, this multi-unit property offers significant potential for rental income generation. Each of the three-bedroom homes provides practical living space, ideal for families or roommates. While not identical, all units offer comfortable living arrangements. The homes are strategically positioned on the lot, ensuring a degree of privacy between tenants. Ample outdoor space is available for residents' use. This property is well-suited for investors seeking a solid foundation for building a rental portfolio. The location in Normangee offers convenient access to local schools, shopping centers, and essential services, making it an attractive area for renters, thereby contributing to consistent occupancy rates and a strong return on investment. The property's size and layout provide flexibility for future development or expansion, should the investor choose to pursue such options. This is a turnkey investment opportunity ready for immediate income generation. The asking price reflects the property's potential and the current market conditions in Normangee.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.