UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $270
Subdivision Royal Oaks On 1488 02
MLS Listing ID 39329802
Style Other
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1985
Annual Tax Amount $1,411
Tax Year 2025
Lot Size 0.603 Acres
Acres 0.6026
Property Sub-Type Detached
Property Description
The property includes two existing rental homes (ALREADY LEASED), providing cash flow from day one. With its generous lot size, corner location, and development possibilities (subject to local zoning and approvals), this property is ideal for investors looking to expand their portfolio or explore new construction opportunities.
Whether you're seeking a buy-and-hold investment, redevelopment project, or a combination of both, this versatile property offers exceptional upside. Large parcels with existing income and building potential are increasingly difficult to find—don't miss this unique opportunity.
Location
State TX
County Montgomery
Area Magnolia/1488 East
Interior
Heating Central, Gas
Cooling Central Air, Electric
Fireplace No
Exterior
Parking Features None
Water Access Desc Public
Roof Type Composition
Private Pool No
Building
Lot Description Other
Story 1
Entry Level One
Foundation Pillar/Post/Pier
Sewer Septic Tank
Water Public
Architectural Style Other
Level or Stories One
New Construction No
Schools
Elementary Schools Magnolia Parkway Elementary School
Middle Schools Magnolia Parkway Junior High
High Schools Magnolia High School
School District 36 - Magnolia
Others
Tax ID 155783
NEARBY SCHOOL & BUSINESS
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Travis Nichols
Broker Associate | License ID: 506280
Broker Associate License ID: 506280