1729 Hazelwood St Conroe, TX 77301
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1729 Hazelwood St
- Property type
- Residential income homes
Description
This well-maintained, single-story duplex in Conroe, Texas, presents a compelling investment opportunity. Located at 1729 Hazelwood St, in Montgomery County, zip code 77301, this Class B property boasts 100% occupancy with a current gross monthly income of $2,075 ($24,900 annually). The asking price is $450,000, representing a $225,000 price per unit and a 5.00% cap rate. The property benefits from long-term tenants (mostly month-to-month leases), allowing for potential rental increases with 30-day notice. All utilities are paid by tenants, simplifying management. Conroe's rapid growth, fueled by factors such as the recent opening of a large Home Depot distribution center just five minutes away, ensures a stable rental market. The property's proximity to The Woodlands and downtown Conroe further enhances its appeal. This investment offers significant upside potential through market-rate rent adjustments. Conroe is consistently ranked among the fastest-growing cities nationally, making this a highly attractive investment in a thriving Texas market. The property is currently listed as a stabilized investment.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Conroe
- County
- Montgomery
- State
- Texas
- Longitude
- -95.428317800501
- Latitude
- 30.30936025977
