8716 Clb House Dr Willis, TX 77378
- Residential income homes
- 5,500 SF
Current Use by Public Records
- Residential income homes
Property Details for 8716 Clb House Dr
- Year built
- 1981
- Property size
- 5,500 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of five single-family rental homes located at 8716 Club House Drive, Willis, Texas, 77378, in Montgomery County. The property boasts a total of 5,500 square feet across five buildings, each situated on a half-acre lot totaling 20,255 square feet. Built in 1981 and extensively renovated between 2021 and 2022, these homes feature split bedroom plans, brand new kitchens, flooring, paint, windows, and appliances. Each unit offers two parking spaces. Currently enjoying 100% occupancy with long-term tenants, the property generates a strong NOI of $92,000, representing a 7.08% cap rate. Pro-forma projections indicate a potential NOI of $140,000 and a 10.77% cap rate. The asking price is $1,299,999, or $259,999.80 per unit, and the property is zoned for residential use. The advantageous location near the future Texas National Club house and country club provides a peaceful and desirable living environment. This is a rare opportunity to acquire a fully occupied, high-performing multifamily investment property with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Willis
- County
- Montgomery
- State
- Texas
- Longitude
- -95.4429
- Latitude
- 30.4166
