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Property profile & analytics
OFF-MARKET
Residential income homes

111-127 Bnd Ct Willis, TX 77378

13,152 SF 0.9 ac lot Built 2023
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a portfolio of six brand-new, Class A duplexes totaling twelve units, situated on a 0.9-acre lot in Willis, Texas. Built in 2023, these single-story buildings boast 100% occupancy and a strong 5.44% cap rate, generating a substantial net operating income (NOI) of $173,942. Each unit, spanning 1,096 square feet, features three bedrooms and two bathrooms, modern amenities including faux granite countertops, stainless steel appliances (range/oven, microwave, dishwasher, refrigerator), ceramic tile floors, and washer/dryer connections. Residents enjoy private fenced yards and landscaping is included in the rent. The property's convenient location, approximately 20 minutes from Sam Houston State University, attracts a desirable tenant mix of students, young professionals, and small families. The portfolio benefits from its proximity to major employers such as the Texas Department of Corrections, Sam Houston State University, and several school districts and medical centers. The asking price is $3,200,000, representing a price per unit of $266,667 and a price per square foot of $243.31. The property's six buildings are adjacent, simplifying management. Current leases average $1,500 per month, presenting potential for future rent increases. Detailed financial information is available upon request. The property's APN numbers are 8862-00-01400, 8862-00-01500, 8862-00-01600, 8862-00-01700, and 8862-00-01800. Zoned residential, this portfolio offers a compelling investment opportunity in a thriving Texas market.

Property profile
Verified
Property type Residential income homes
Year built 2023
Total area 13,152 SF
Lot 0.9 ac (39,204 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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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