13091 Hydra Ct Willis, TX 77318
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 13091 Hydra Ct
- Property type
- Residential income homes
Description
Exceptional investment opportunity: a portfolio of seven fully leased single-family homes in the gated Point Aquarius community in Willis, Texas (zip code 77318, Montgomery County). This Class A, stabilized investment boasts a 5.99% cap rate and a substantial net operating income (NOI) of $95,856. The portfolio comprises seven buildings, each with two stories, offering a total of 11,056 net rentable square feet. Lot sizes range from 3,375 to 4,500 square feet. Built between 2000 and 2015, each home provides four parking spaces per unit. The properties are currently 100% occupied, generating a price per unit of $228,571.43, with an asking price of $1,600,000. This turnkey investment benefits from the desirable amenities of Point Aquarius, including 24/7 security, marinas, boat ramps, and recreational facilities. The homes are located at various addresses within the community, including Hydra Ct, Altair Ct, Orion Ct, Cetus Ct, and Aquila Ct W, and Centaurus Ct. This is a rare opportunity to acquire a high-performing, fully leased rental portfolio in a sought-after location. No ground lease is involved. The APNs are 8090-01-15600, 8090-01-26600, 8090-01-10200, and 8090-01-19900.
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
- -95.5817
- Latitude
- 30.4334
