CRD Realty is proud to exclusively present this excellent opportunity to purchase a class A, turn-key, 100% occupied, 12 property single family residential portfolio located in the rapidly growing city of Conroe, TX.
A majority of the properties were originally built and have been meticulously maintained by the owner who is also a custom home builder and developer. The properties residing within the Pinewood Forest neighborhood are deed restricted which will help the new owner maintain the high values, strong rates and aesthetic appeal.
The current rates for each property fall below what the market is currently demanding offering a new owner the opportunity to increase cash flow over the next 1-2 years through rate increases on in-place or new tenants.
Management of the portfolio is also made easier as each property is located in 1 of 2 neighborhoods with are just a few hundred feet apart.
Population growth within 5 miles of the portfolio is expected to be 14.45% by 2026, growing from 102,172 to 117,787. Median household income is also strong sitting at $75,597 within 5 miles of the portfolio.
The portfolio is also zoned to the award winning Conroe Independent School District.
This is a great opportunity for an investor to purchase a turn key opportunity located in a growing area with potential value add through rate increases. Please reach out to us today with any questions.