Grand Monarch Apartments 155 Plez Morgan Immeuble residentiel 72 lots À vendre Montgomery, TX 77356

Grand Monarch Apartments is a newly constructed, 72-unit garden-style community completed in 2024, offering an exceptional blend of modern living and natural tranquility. Situated on 7.59 acres, just north of Highway 105 and west of Lake Conroe, this meticulously designed property provides a desirable suburban retreat while maintaining excellent connectivity to key commercial and residential hubs.
Property Features:
• Unit Mix: 24 one-bedroom (1 bed/1 bath) and 48 two-bedroom (2 bed/2 bath) units.
• Thoughtful Design: Twelve (12) three-story buildings, each with six (6) spacious units, featuring wood-frame construction, Hardie board siding, stone accents, and pitched shingle roofs for durability and curb appeal.
• Modern Interiors: Every unit boasts stainless steel appliances, brushed nickel fixtures, laminate countertops, outdoor storage, and in-unit washer/dryer connections with machines included.
• Individually Metered: Tenants enjoy independent metering for electricity, with individual split units for hot water and air conditioning to enhance efficiency and control.
Value-Add & Additional Income Potential:
Currently, rents include washer/dryer, WiFi, water, sewer, and trash, presenting a strong opportunity for the next owner to implement additional income streams by separately billing for these services. This strategic shift could significantly increase NOI and overall asset value while keeping rents competitive in the market.
Amenities & Expansion Potential:
Grand Monarch offers a serene, park-like setting with ample green space overlooking a picturesque pond, creating a peaceful living environment. Additionally, the extra land provides an opportunity to add sought-after amenities such as:
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Investment Highlights:
• Strong Market Rents: Current and proforma rents project at $1.59/SF for 1-bedroom units and $1.43/SF for 2-bedroom units, offering excellent upside potential.
• Turnkey Asset with Additional Upside: Offered on a fee-simple, free-and-clear basis, allowing investors full flexibility in financing and operational strategy.
• High-Growth Location: Montgomery, TX, continues to experience strong rental demand and economic growth, supporting long-term asset appreciation.
Grand Monarch Apartments presents a rare opportunity to acquire a newly built, high-quality multifamily asset with immediate value-add potential. Whether as a stabilized investment or a strategic repositioning play, this property is poised to deliver long-term returns.