111-127 Bnd Ct, Willis, TX 77378

Property Details for 111-127 Bnd Ct

Year built

2023

Lot size

0.90 lot acres

Property type

Residential income homes

Property subtype

Dormitories

Description

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.

Location Insight

City

Willis

County

Montgomery

State

Texas

Longitude

-95.4784

Latitude

30.4174