1799 League Line Rd Conroe, TX 77304

Property Details for 1799 League Line Rd

Year built

2010

Property size

6,966 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a six-unit townhome complex ideally situated in Conroe, Texas, at 1799 League Line Rd, 77304. Built in 2010, this well-maintained property boasts 6,966 square feet and offers a compelling blend of immediate income and significant upside potential. The property comprises four three-bedroom, 2.5-bathroom units and two two-bedroom, one-bathroom units. Each unit includes a one-car garage and a fenced yard. Current annual income is $81,000, with annual expenses totaling $34,440. However, with most leases month-to-month and current rents significantly below market value ($1200 minimum for 2-bedroom and $1500 minimum for 3-bedroom units), a substantial increase in rental income is readily achievable. A planned rent increase of $100 per month per unit starting November 1st will further boost profitability. The property's prime location, just three minutes from I-45, provides easy access to major transportation routes, shopping, and dining, enhancing its appeal to tenants. The high-growth area surrounding the property ensures strong long-term value appreciation. The property's design also allows for potential expansion with the addition of two more units. This turnkey investment offers a rare combination of immediate cash flow, significant rental upside, and excellent long-term growth prospects in a desirable location. The asking price is $975,000.