$3,500,000
For Sale

19637 W Fm 1097 Road

Montgomery, TX 77356
Browse 21 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Hey INVESTORS! Fantastic Investment Opportunity, great location! This FIVE ACRE property has 300' frontage on FM 1097 West, close to Lake Conroe. The back three acres has ten residential rental units, all leased. The front two acres can be developed as commercial property, great location for an RV Park, storage units, or add more rental units! So much potential for development with this mixed use property. The property has two working wells and a complete commercial sewer system. Located in western Montgomery County, one of the fastest growing counties in Texas, with quick and easy access to I45, FM 149, Hwy 105 and Lake Conroe, and nestled within the area of proposed Lake Celestine, a multi-million dollar development which will provide residential, retail, office space, hotel and recreation. Tons of traffic pass this property between historic Montgomery and Willis! Don't miss this amazing investment opportunity!

  • Property Details
      • Utility FeaturesCable Connected, Electric, Water Connected
      • Property SubtypeMulti Family, Multiple Detached Dwellings
      • Elementary SchoolLINCOLN ELEMENTARY SCHOOL (MONTGOMERY)
      • SubdivisionSmo Noncity Front Fm1097 E Of Fm149
      • Middle SchoolMontgomery Junior High School
      • Lot DescriptionCleared, 5 Up to 10 Acres
      • High SchoolMONTGOMERY HIGH SCHOOL
      • School District37 - Montgomery
      • Property TypeMulti-Family
      • CountyMontgomery
      • MLS #55492044
      • MLS #55492044
      • Cost3500000
      • Taxes Annual$4,881
      • Year Built2000
      • Acres5

Location

Terri BlewettReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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