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Property profile & analytics
OFF-MARKET
Dormitories

200 Broken Bough Ln Conroe, TX 77304

5,460 SF Built 1968
Property ID
US83-2226046
Property summary
AI-generated overview

This exceptional 5,460 sq ft property at 200 Broken Bough Lane, Conroe, TX 77304, presents a unique investment opportunity. Built in 1968 and renovated 4 years ago, this two-story building sits on a 13,500 sq ft lot and features 12 bedrooms across 12 units. The property is zoned for commercial use (Permitted Zoning: 19) and offers significant versatility. Ideal for various commercial applications, including student housing, the property's spacious layout allows for seamless adaptability to diverse business models. Fully ADA compliant and equipped with a state-of-the-art sprinkler system, it prioritizes safety and accessibility. The property's prime location in Conroe, Montgomery County, offers excellent proximity to residential areas, enhancing its appeal and potential for strong occupancy rates. The asking price is $568,800. This turnkey property requires minimal additional investment, offering immediate operational potential and a strong return on investment. The expansive square footage allows for operational growth and the ability to scale services to meet increasing demand. This presents a rare opportunity to capitalize on the growing need for quality student housing in a desirable location. Room sizes are approximate

Property profile
Verified
Property type Dormitories
Year built 1968
Total area 5,460 SF
UPID US83-2226046
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Elmer Appliance Repair Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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