5440 Highline Dr, Montgomery, TX 77316
- $1,200,000
- 4
- BA
- 1,960
- SqFt
- List Price
- $1,200,000
- Status
- ACTIVE
- MLS#
- 54629517
- Days on Market
- 17
- Year Built
- 2008
- Bathrooms
- 4
- Full-baths
- 4
- Living Area
- 1,960
- Lot Size
- 22,002
- Lot Size Source
- Appraiser
- Subdivision
- Holly Estates 01
- Region
- 39
- Market Area
- Lake Conroe Area
- County
- Montgomery
Property Description
Exceptional investment opportunity in Montgomery, TX! This multifamily property consists of four duplexes totaling eight income-producing units, all currently leased and generating cash flow from day one. The property has benefited from ongoing improvements, including new roofs, new water heaters in select units, and renovations completed in several units as vacancies occurred over recent years. With an established rental history and existing tenants in place, this is an ideal opportunity for investors looking to add a stabilized multifamily asset to their portfolio. Even more upside awaits with additional land offering the potential to build more duplexes in the future and further increase rental income. A rare combination of immediate cash flow, continued improvements, and future expansion potential in growing Montgomery! The other 3 duplex addresses are 5498, 5516 and 5462 Highline Drive Montgomery, TX 77316
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Additional Information
- Taxes
- $4,344
- Neighborhood
- Lake Conroe Area
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Stories
- 1
- Utilities
- Cable Available, Electricity Available, Water Available
- Appliances
- Dishwasher, Microwave
- Roof
- Composition
- School District
- Montgomery
- Elementary School
- Lone Star Elementary School (Montgomery)
- Middle School
- Oak Hill Junior High School
- High School
- Lake Creek High School
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Listing courtesy of Nan & Company Properties - Corporate Office (Heights).