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31603547
31603572

217 Lazy Ln, Conroe, TX 77301 For Sale

The Franklin Team
Listed by The Franklin Team
$290,000
99 days on market
Updated 99 days ago

217 Lazy Ln SFR

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,284
Units 2
Cap Rate 10.76%
NOI $31,200
Occupancy 100%
Price per SqFt $127
Stories 1
Lot Size (SqFt) 9,583

DUPLEX | 2 units | 100% occupied

Marketing description

Tenant-occupied duplex with stabilized rents at $1,300 per unit ($2,600/month total). Please do not disturb tenants. Showings will be scheduled with a submitted LOI or coordinated in advance. For additional information or offer instructions, contact Adrian Barron at [email protected] or 346-584-4458

Turnkey duplex generating $2,600/month in rental income. Excellent investment opportunity in the growing Conroe market. This income-producing property sits on a spacious corner lot just minutes from downtown Conroe, offering strong cash flow and long-term upside. Each unit features 2 bedrooms and 2 full bathrooms, new flooring throughout (no carpet), and updated primary bathrooms with modern walk-in showers. Both units are leased at $1,300/month ($2,600 total), providing immediate stabilized income. Each unit includes a refrigerator, washer/dryer hookups, two separate driveways, and a large backyard. Conveniently located near shopping, dining, and major highways in a high-demand rental area.

Listing Contacts

The Franklin Team
Listed by The Franklin Team

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$31,200.00
$2,600.00/mo

Valuation Metrics

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DSCR
10.76%
Cap Rate
10.76%
ROI

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