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Dogwood Townhomes 28011 Johnson Rd

33 Unit Block of Flats £4,181,700 (£126,718/Unit) Tomball, TX 77375

Investment Highlights

  • All electric appliances (refrigerator, stove, microwave, and dishwasher
  • Washer & dryer hookups in all units.
  • Partial units with wood-style laminate, living room and bathrooms and partial units with ceramic tile; carpet in bedrooms.
  • Individual Water Heaters for all units.

Executive Summary

Presenting Dogwood Townhomes, a distinguished 33-unit community strategically located in the flourishing suburb of Tomball, Texas. Originally constructed in 1977, with additions in 2001, this property enjoys a history of high occupancy and consistent rent growth, offering an excellent opportunity for increased rental income and enhanced NOI.
The townhomes feature spacious layouts and in-demand amenities such as washer and dryer hookups, making them highly desirable to tenants. Located just outside Houston, Tomball has experienced a remarkable 20% population growth over the past decade, spurring significant commercial and residential expansion. Since 2020, the area has seen the development of 400 acres of commercial space and the construction of over 2,000 new homes, further solidifying its position as a hub of growth and opportunity. Dogwood Townhomes presents a secure and lucrative investment in a dynamic market with exceptional potential for future appreciation.

Tomball, Texas, is a thriving suburb of Houston known for its smalltown charm, strong community atmosphere, and strategic location along major highways like Highway 249 and the Grand Parkway (SH 99). Over the past decade, Tomball has experienced remarkable growth, with a population increase of over 20%, transforming it into one of the region's most sought-after areas for residential and commercial development.
The city's growth is fueled by its proximity to Houston's business hubs and a booming local economy. Tomball has seen significant real estate expansion, with new master-planned communities, luxury homes, and affordable housing developments catering to diverse buyers. Since 2020, more than 2,000 new homes have been constructed, and developers continue to invest in large-scale projects.

Property Facts

Price £4,181,700
Price Per Unit £126,718
Sale Type Investment
No. Units 33
Property Type Residential
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 3.80 AC
Building Size 36,000 SF
Average Occupancy 100%
Number of Floors 1
Year Built 1977
Parking Ratio 1.23/1,000 SF

Unit Amenities

  • Cable Ready
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Security System
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Vaulted Ceiling
  • Refrigerator
  • Range
  • Walk-In Closets
  • Yard
  • Attic
  • Dining Room
  • Pantry
  • Patio
  • Smoke Free

Site Amenities

  • Courtyard

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 2 - 760
2+1 4 - 1,000
2+2 27 - 1,067 - 1,123

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1048040000003
Land Assessment
£419,742
Improvements Assessment
£1,550,585
Total Assessment
£1,970,328
  • Listing ID: 33992692

  • Date on Market: 25/11/2024

  • Last Updated:

  • Address: 28011 Johnson Rd, Tomball, TX 77375

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