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General Description
minimizeFantastic opportunity for investors for a 16 unit FULLY LEASED 55+ apartment complex-Located on the 20th Green of the Panorama Golf Course! The 2 story apartment building has an elevator in addition to stairs at both ends of the building. Each spacious unit is approx 1,200 SF & offers 2 bedrooms / 2 full bathrooms - primary has a walk-in shower. There is 1 reserved covered parking space for each apartment & additional parking for guests. There are 6 golf cart sized garages that are also fully leased. 2 lots are being included in the sale - R131723 and R131724 totaling 2.21 Acres - plenty of room to add a second apartment building & additional parking. Located conveniently near the Woodlands and Conroe. Please don't walk the property without owner's consent. Qualified investors will have the opportunity to look at the property in detail during the feasibility period. Verify all room sizes. Property being sold as is, where is. Please see the Matterport tour of one unit using the link.
Interior Features
Exterior Features
Additional Information
Financial Information
Selling Agent and Brokerage
minimizeProperty Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $93.21 | $1,700,000 | 21.43% | $1,700,000 | 21.43% |
| 2022 | $76.76 | $1,400,000 | 38.03% | $1,400,000 | 38.03% |
| 2021 | $55.61 | $1,014,280 | 12.70% | $1,014,280 | 12.70% |
| 2020 | $49.35 | $900,000 | 0.00% | $900,000 | 0.00% |
| 2019 | $49.35 | $900,000 | 5.88% | $900,000 | 5.88% |
| 2018 | $46.61 | $850,000 | $850,000 |
2023 Montgomery County Appraisal District Tax Value
| Market Land Value: | $247,070 |
| Market Improvement Value: | $1,452,930 |
| Total Market Value: | $1,700,000 |
2023 Tax Rates
| PANORAMA VILLAGE: | 0.6000 % |
| EMERGENCY SVC DIST 1: | 0.0953 % |
| MONTGOMERY COUNTY: | 0.3742 % |
| MONTGOMERY CO HOSPITAL: | 0.0502 % |
| LONE STAR COLLEGE: | 0.1078 % |
| WILLIS ISD: | 1.1546 % |
| Total Tax Rate: | 2.3821 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 9,548 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 3,375 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 Subdivision Facts
Schools
minimizeSchool 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.
ASSIGNED SCHOOLS
Good |
|
Average |
View Nearby Schools ↓
Property Map
minimize200 Panorama Drive Panorama Village TX 77304 was recently sold. It is a 18,238 SQFT, in Panorama-Green Briar 02.
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