$5,750,000
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2 Beds
2 Baths
12,564 SqFt
SOLD DATE : 01/12/2024
Key Details
Property Type Multi-Family
Sub Type 5 Plus
Listing Status Sold
Purchase Type For Sale
Square Footage 12,564 sqft
Price per Sqft $359
Subdivision Presidential Shores
MLS Listing ID 7059922
Sold Date 01/12/24
Bedrooms 2
Full Baths 2
Year Built 2012
Annual Tax Amount $34,603
Tax Year 2023
Lot Size 4.290 Acres
Property Description
Nestled on Lake Conroe's pristine shores, "Presidential Shores" offers a excellent opportunity for investors. This luxurious waterfront condo community is both a source of immediate revenue and promises future growth.
In-Place NOI: from 12 units.
Each 1,200 sq ft unit boasts 2 bedrooms, 2 baths, an open floor plan, granite countertops, custom cabinetry, and elegant tile flooring.
Plans for 88 more units available.
Pre-set infrastructure including water, sewer, utilities, and building pads to reduce development costs.
Just 4 miles from I-45. Close to The Woodlands, Lake Conroe, Willis, and amenities like restaurants, hospitals, and shopping.
4.29 acres of prime lakefront territory
Secure gated community on the lakefront.
Two spacious parking lots, established drainage systems, and private docks for boating.
Units offer unparalleled views and access to Lake Conroe's recreational activities. Utilities already set for uninterrupted living.
Location
State TX
County Montgomery
Area Lake Conroe Area
Interior
Heating Central Gas
Cooling Central Electric
Flooring Carpet, Tile
Exterior
Utilities Available Cable, Electric, Gas, Water
Waterfront Description Boat Ramp,Boat Slip,Bulkhead,Lake View,Lakefront
Roof Type Composition
Building
Lot Description Waterfront
Story 2
Unit Features Balcony,Handicap Access,Window Coverings
Lot Size Range 2 Up to 5 Acres
Structure Type Stone,Stucco
New Construction No
Schools
Elementary Schools C.C. Hardy Elementary School
Middle Schools Lynn Lucas Middle School
High Schools Willis High School
School District 56 - Willis
Others
Senior Community No
Restrictions Deed Restrictions
Tax ID 0042-01-03201
Energy Description Attic Vents,Ceiling Fans,Digital Program Thermostat,Energy Star Appliances,Energy Star/CFL/LED Lights,Energy Star/Reflective Roof,High-Efficiency HVAC,HVAC>13 SEER,Insulated Doors,Insulated/Low-E windows
Acceptable Financing Cash Sale, Conventional, Investor, Owner Financing
Tax Rate 1.7821
Disclosures No Disclosures
Listing Terms Cash Sale, Conventional, Investor, Owner Financing
Financing Cash Sale,Conventional,Investor,Owner Financing
Special Listing Condition No Disclosures
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Bought with Preferred Real Estate Partners