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9902-9906 Grosbeak Ln
Magnolia, TX 77354

50% Leased Turnkey '23 Duplex Near Woodlands · Residential Property For Sale · 2 Units

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Investment Highlights

Perfect for 1031 Exchange
4.75% Financing
High Growth Potential

Turnkey 100% Leased
Professionally Managed

Executive Summary

50% Leased and Professionally Managed! 4.25% Special Financing Available with Builder's Preferred Lender. Cashflow Positive Class-A new construction luxury attached townhome community in growing market just 3 miles west of the Woodlands sold as duplexes. Fantastic location where residents can enjoy world class retail, dining and hospitals in the Woodlands within a short drive. Magnolia has experienced 50% population growth in the decade. Children attend Magnolia ISD schools. Each unit offers 3 bedrooms, 2 baths & 2 car garage with fenced in back yard for pets and privacy & covered back patios. Large living rooms & island kitchens, stainless appliances, granite counters, tile backsplash, brushed nickel pendant light & fixtures, cultured marble square vanity sinks, Walk-in Tile Shower in Primary Bath, Wood-look LVT Vinyl Plankboard Floor. Sod in yards with included sprinkler systems. Easy commute to major area employers. Wealth of opportunities to relax & play nearby. Professional property management in place at a favorable rate.

PROPERTY FACTS

Price Per Unit	£202,832	Lot Size	0.18 AC
Sale Type	Investment	Building Size	2,662 SF
Net Initial Yield	4.94%	Average Occupancy	100%
Gross Rent Multiplier	11.2	Number of Floors	1
No. Units	2	Year Built	2023
Property Type	Residential Apartment Buildings	Parking Ratio	1.5/1,000 SF
Apartment Style	Townhome

Price Per Unit	£202,832
Sale Type	Investment
Net Initial Yield	4.94%
Gross Rent Multiplier	11.2
No. Units	2
Property Type	Residential Apartment Buildings
Apartment Style	Townhome
Lot Size	0.18 AC
Building Size	2,662 SF
Average Occupancy	100%
Number of Floors	1
Year Built	2023
Parking Ratio	1.5/1,000 SF

Unit Amenities

Air Conditioning
Dishwasher
Disposal

Microwave
Granite Countertops
Carpet

Attic
Double Pane Windows

Island Kitchen
Patio

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
3+2	2	£1,507	1,301 - 1,331

PROPERTY TAXES

Parcel Number	4590-02-07100	Improvements Assessment	£0
Land Assessment	£46,134	Total Assessment	£46,134

PROPERTY TAXES

Parcel Number

4590-02-07100

Land Assessment

£46,134

Improvements Assessment

£0

Total Assessment

£46,134

Listing ID: 30935975
Date on Market: 12/02/2024
Last Updated:
Address: 9902-9906 Grosbeak Ln, Magnolia, TX 77354

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