Hazelwood Duplex
Very well kept Duplex in Booming Conroe Texas
Marketing description
Nice duplex in Conroe Texas that stay full and all tenants pay on time. Easy for out of town management as tenants pay all utilities. Current rents are way under market to long time tenants.
Only 5 minutes to new Home Depot 600,000 SF distribution center on Hwy 105.
Not far from The Woodlands and downtown Conroe. Conroe Texas is one of the fastest growing towns in the country with the population doubling since 2000.
This is a very stable rental market area.
Contact Owner/Broker for more information about one or all of these assets for sale in booming Conroe Texas (Houston). Conroe is in the top five growth cities in the country.
No flyer is available total present gross monthly income is $2275 or $27,300 per year. Most are month to month leases and have been long term tenants so you can raise rents with 30 day notice.
Outside brokers paid 3% of sales price as commission.
Investment highlights
Upside with bringing rental rates to market.
Tenants pay all utilities
Very stable rental market as most tenants stay for many years and Home Depot just opened a large warehouse a few miles away from here.
Prices continue to go up in the Conroe market.
Most are month to month leases and have been long term tenants so you can raise rents with 30 day notice.
Multifamily units as well as single-family rentals and build-to-rent units will see greater demand as higher mortgage rates and house prices expand the pool of people who are no longer able to buy a home. The greater the demand, the greater the potential rent, and investors are buying future rent rolls.
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