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Property profile & analytics
OFF-MARKET
Commercial real estate

Rogers St Normangee, TX 77871

2 ac lot Built 1947
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1947
Lot 2 ac (87,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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