Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$960,000

16211 Fm 3083 Rd, Conroe, TX, 77302

On MarketInfo
Beds1 Beds
Baths— Bath
Baths2,232 Sq Ft
ApartmentApartment
price_per_sqft$430.11 / sqft
Year BuiltBuilt in 1977

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms —Bathrooms —
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesElectric Oven, Electric Range, Free-Standing Range, Refrigerator

Exterior

Lot Size1 acre

Building Information

Year Built1977

Land Information

APN0734-00-01001
SubdivisionGranger C E
Land UseCommercial
Legal DescriptionA0734 - GRANGER C E, TRACT 10 APTS, ACRES 1
Census Tract692701
Assessed Land Value$43,560
Assessed Improvement Value$568,440
Assessment Year2025

About this property

Excellent investment opportunity in growing East Montgomery County! This fully occupied 12-unit apartment complex sits on one unrestricted acre. Each unit offers one bedroom and one bathroom and is leased under a one-year agreement, with monthly rents ranging from $800 to $900. Property features include a new roof, fresh interior and exterior paint, and updated laminate flooring, onsite laundry area. Currently served by a private water well, the property is in the process of transitioning to public utility service. Conveniently located approximately eight miles from Highway 59/I-69, providing easy access to shopping, dining, employment centers, and surrounding communities while maintaining a quiet country setting. An excellent income-producing opportunity for investors!

Investor Tools

$516,007Estimated Mortgage Balance
$98,253Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,760 /month
Positive
Cash Flow Estimate:
$1,920 /month

Interested in this property?

eXp Realty, LLC

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,056/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,616
$612,000
2025
$43,560
$568,440
$612,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,616
$612,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Silver Hill Capital Llc
Unknown
$517,500
No
First
Mar 16, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$516,007
$95,993
15%
84%
$3,103/mo

City: Conroe

16211 Fm 3083 Rd | Property Details | No Agent List