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General Description

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Investing in the future! That's what you will be doing when you purchase this 4 building, 16 unit apartment complex in the heart of Magnolia, TX. Within walking distance to post office, townhall, shopping strips, restaurants, pharmacy, city parks and more. Magnolia and Montgomery county are growing rapidly, don't miss out on owning a part of this booming economy. Each Unit is 1100-1200 sf, 2 bedrooms, 1 bath, laundry room and open living area. Units have been updated as tenants move out and new move in. Make it what you want, apartments, office building or build something new. Sitting on 3/4 acre corner lot, a block from FM 1774 and 1488. Come and see this desirable location. Property is being sold 'As Is'

MLS#:

28321695 (HAR)

Sold Price Range:

$1,242,001 - $1,425,000

Listing Status:

Sold

Address:

511-523 Commerce St

City:

Magnolia

State:

Zip Code:

77355

County:

Montgomery County

Subdivision:

Dawson Gamble

Legal Description:

A01770-Dawson Gamble,Tract 18PT,Acres.55 and Acres 0.185

Property Type:

Multi-Family - Fourplex

Stories:

Year Built:

1983 / Appraisal District

Market Area:

Magnolia/1488 West

Interior Features

Floors:

Carpet, Vinyl

Cooling:

Central Electric

Heating:

Central Electric

Exterior Features

Roof:

Composition

Exterior Type:

Brick

Additional Information

List Type:

Exclusive Right to Sell/Lease

Buyer Agent Compensation*:

3.00%

Sub Agent Compensation*:

*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Information

Other Fees:

Maintenance Fee:

Selling Agent and Brokerage

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Selling Agent

Cheryl Tullis

Click to view phone

Selling Broker

Realty Associates

12806 Willow Centre Ste. D
Houston, TX 77066

Want to know how much is this home worth?

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Estimated Mortgage/Tax

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$9,544 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 9,544
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

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Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Subdivision Facts

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Facts (Based on Active listings)

Market Area Name:

Magnolia/1488 West

Home For Sales:

677

Average List Price:

$508,568

Average Bedrooms:

3.64

Average Baths:

2.50

Average Square Ft.:

2,424

Average Price/Square Ft.:

$194.34

Home For Lease:

Average Lease :

$2,201

Average Lease/Square Ft.:

$1.30

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.