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Property profile & analytics
OFF-MARKET
Apartment buildings

2301 Frazier St Conroe, TX 77303

10 ac lot Built 2020
Entity Owned 1-yr Hold
Property ID
US83-2218395
Property summary
AI-generated overview

This exceptional 58-unit apartment building, constructed in 2020, presents a compelling investment opportunity in the thriving city of Conroe, Texas. Situated on a spacious 10-acre lot at 2301 N Frazier St, 77303, this property boasts a wealth of desirable amenities designed to attract and retain residents. Residents enjoy a resort-style experience with a swimming pool, sundeck, cabana, and pet play area. The property also features a well-equipped fitness center, business center, and convenient conference rooms. Each unit is generously appointed with modern finishes including stainless steel appliances, granite countertops, and in-unit washers and dryers. Individual units also offer air conditioning, heating, and a tub/shower. Many units include private balconies. The property's strategic location in Montgomery County, within close proximity to both The Woodlands and Houston, capitalizes on the area's robust economic growth and strong rental demand. With its impressive features and prime location, this property represents a significant opportunity for investors seeking a high-yield, multifamily asset in one of Texas's fastest-growing cities. The asking price for this exceptional property is $9,000,000. Additional storage space is available for residents.

Property profile
Verified
Property type Apartment buildings
Year built 2020
Lot 10 ac (435,600 SF)
UPID US83-2218395
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
  • Flash Clean & Paint Services Painting Service General Contractor
  • Apartment Apartment Building
  • South Mountain Residences Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
New Era Life Insurance Company · 1 yrs held
New Era Life Insurance Company
since 2024
4 recorded transactions
2024
$700,000
2021
Price N/A
2020
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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