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Map
$799,000 Last Listed Price
●
Multifamily -
Off Market
903 Honea Egypt Road
Magnolia, TX 77354
Studio
0 Bath
754 Sqft
$4,373
Estimated Monthly
$0
HOA / Fees
1.15%
Cap Rate
About This Property
Incredible opportunity w/ 2 single & 3 duplexes totaling 8 units
located on busy street in Magnolia. The full acre is white picket
fenced w/ electric gated access & this listing is the 1/2 acre on
the south side split down the shared driveway. Front house is 500
sqft open concept w/ full bath & kitchen on pier & beam w/ 2
exterior storage closets & 2 sheds(one of which has 50amp
electrical service.)3 duplexes are the middle buildings, each 600
sqft w/ 300 sqft a unit built in 2021 of cement board on concrete
slab. Each of the 6 units in the duplexes have front & back access,
individual mini-splits, sinks & are separately sub metered for
electricity. Back unit ADA compliant w/ handicap access & restroom
on a 900 sqft pier & beam house w/ kitchen. Vaulted ceilings are in
all 3 duplexes & back single unit. shared lot 20+ spaces. Currently
being rented as artist community at 100% occupancy w/ studio spaces
& back unit the gallery. Property has never flooded. Please do not
disturb tenants.
Unit Size
754Ft²
Days on Market
167 days
Land Size
-
Price per sqft
$1,060
Property Type
Multifamily
Property Taxes
$449
HOA Dues
-
Year Built
1990
Last updated: 5 days ago (HAR #34088136)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 26, 2024 | Sold | $608,000 - $742,000 | |
Sold | |||
Mar 17, 2024 | In contract | - | |
In contract | |||
Jan 23, 2024 | Price Decreased |
$799,000
↓ $51K
(6%)
|
|
Price Decreased | |||
Nov 11, 2023 | Listed by Walzel Properties - Corporate Office | $850,000 | |
Listed by Walzel Properties - Corporate Office |
Property Highlights
Air Conditioning
Parking Details
Parking Features: Driveway Gate, Paved Area
Interior Details
Interior Information
Flooring: Concrete, Laminate, Tile
Living Area SqFt: 754
Exterior Details
Property Information
Year Built: 2021
Year Built Source: Appraisal District
Construction Information
Home Type: Multi-Family
Property Sub Type: Fourplex
Construction materials: Aluminum, Cement Board, Wood
Roof: Composition
Financial Details
Total Taxes: $5,390
Tax Year: 2023
Tax Rate: 1.7646
Parcel Number: 9498-00-01100
Compensation Disclaimer: The Compensation offer is made only to participants of the MLS where the listing is filed
Compensation to Buyers Agent: 3%
Utilities Details
Utilities: Electric, Water
Heating Type: Central Electric, Window Unit
Cooling Type: Central Electric, Other Cooling, Window Units
Location Details
Location: Parking and gated entrance is shared with Foundation Chiropractic. Past the Woodlands and before Conroe. From FM1488 go a 1/2 mile up Honea Egypt and entrance is on the left with a white picket fence.
Subdivision: Westlite 01
Access: Automatic Gate
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
4
Beds
3
Baths
3,027 ft²
$645,000
Sep 11, 2023
$581,000 - $709,000
Oct 30, 2023
$17/mo
House
5
Beds
4
Baths
3,545 ft²
$820,000
Jun 9, 2023
$738,000 - $902,000
Aug 30, 2023
$715/mo
House
4
Beds
5
Baths
3,958 ft²
$744,970
Apr 16, 2021
$670,000 - $818,000
May 17, 2021
$1,005/mo
House
5
Beds
5
Baths
5,593 ft²
$675,000
May 4, 2020
$608,000 - $742,000
Sep 18, 2020
$1,045/mo
In Contract
House
4
Beds
3
Baths
2,922 ft²
$219/ft²
$640,000
Mar 1, 2024
-
$31/mo
Active
House
4
Beds
3
Baths
3,027 ft²
$231/ft²
$699,000
Jan 16, 2024
-
$140/mo
House
3
Beds
3
Baths
3,223 ft²
$229/ft²
$739,000
Feb 29, 2024
-
$784/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/14/2021
|
|
Loft
|
-
|
-
|
$450,000
Loft
-
|
$450,000
04/12/2021
|
-
|
Sybil Hodges
Texas Country Real Estate Inc.
|
Building Info
903 Honea Egypt Road
903 Honea Egypt Road, Magnolia, TX 77354
- 1 Unit for Sale