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$2,400,000

NAL Estimated Property Value

1000 April Sound Boulevard, Conroe, TX, 77356

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths49,918 Sq Ft
price_per_sqft$75.12 / sqft
Year BuiltBuilt in 1980

Highlights

Interior

Bathrooms 0Bathrooms 0
Indoor FireplaceIndoor Fireplace
AppliancesRange, Disposal, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBalcony
Lot Size26.27 acres

Building Information

Year Built1974

Land Information

APN2150-03-07400
SubdivisionApril Sound 03
Land UseCommercial
Legal DescriptionAPRIL SOUND 03, RES A, G, I GOLF COURSE, ACRES 26.274
Census Tract694309
Assessed Land Value$171,670
Assessed Improvement Value$2,228,330
Assessment Year2025

About this property

One of the only investor-controlled rental assets on Lake Conroe located next to April Sound Golf & Country Club! A prestigious, 24-hour manned-gated community. This type of opportunity almost never comes to market. 24 Units | 49,918 SF | 3 Acres | Spacious 2BD Units Up to 1,596 SF | Two buildings, 12 units each, with large floor plans featuring balconies, fireplaces, lake views, and unit sizes that command premium rents post-renovation. With strong cash flow potential and a low vacancy rate, there is a clear path for rent growth through renovations. Investors will appreciate the multiple exit strategies available, including stabilization and refinancing or the potential for individual unit sell-off. This is an exceptional opportunity for investors seeking value-add potential in a supply-constrained market. Schedule your appointment today to explore this unique asset!

Investor Tools

Property Icon
$2,400,000
Estimated Property Value
$5,956,487Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$22,500 /month
Positive
Cash Flow Estimate:
$7,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,140/month
$26,165/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$49,678
$2,400,000
2025
$171,670
$2,228,330
$2,400,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$49,678
$2,400,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ares Capital Corporation
Loan Amount Keyed Is An Aggregate Amount
$6,000,000
No
First
Dec 23, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$5,956,487
N/A
0%
248%
$35,974/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Conroe

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1000 April Sound Boulevard | Property Details | No Agent List