25030 Twin Oaks Dr New Caney, TX 77357
- Residential income homes
- 3,774 SF
Current Use by Public Records
- Residential income homes
Property Details for 25030 Twin Oaks Dr
- Year built
- 2003
- Property size
- 3,774 SF
- Property type
- Residential income homes
Description
This exceptional 7-unit multifamily investment property in New Caney, TX, presents a compelling opportunity for investors seeking strong cash flow and appreciation potential. Located at 25030 Twin Oaks Dr, 77357, this stabilized, turnkey asset boasts a 6.14% cap rate and a substantial net operating income (NOI) of $47,245. The property comprises three buildings totaling 3,774 square feet on a 16,510 square foot lot. The unit mix includes a fourplex with three 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit, a duplex with two 2-bedroom, 1-bathroom units, and a single 1-bedroom, 1-bathroom dwelling. All units, except the single dwelling, have all utilities (water and electric) paid. Each unit features washer/dryer connections, and appliances including a stove/microwave and refrigerator. The property benefits from ample open parking, hard-plank siding exterior construction, and asphaltic concrete paving. Two buildings received new roofs in October 2024, while the third roof is approximately 10 years old. The property is zoned for opportunity and enjoys a 100% occupancy rate. Its convenient location near key areas of North Houston, including The Woodlands, Spring, Conroe, Intercontinental Airport, and Humble, ensures strong rental demand. This property offers a rare combination of immediate cash flow and long-term growth potential in a thriving market. The asking price is $770,000, representing $110,000 per unit. This is a truly exceptional investment opportunity.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Caney
- County
- Montgomery
- State
- Texas
- Longitude
- -95.182141526423
- Latitude
- 30.135128805187
