155 Plez Morgan

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155 Plez Morgan

montgomery, TX 77356
Asking Price
Contact for price
Asset Type
Multifamily
Class
Class B

What's Special

155 Plez Morgan is located in Montgomery, Texas, situated within a rapidly developing residential and commercial corridor northwest of Houston. The neighborhood maintains a suburban character with close proximity to the historic downtown Montgomery district and the recreational amenities of Lake Conroe. Local residents have access to various grocery options, retail centers, and dining establishments along Highway 105. The property is positioned near major regional thoroughfares, providing efficient vehicular transportation to the neighboring lakeside communities and the employment hubs of Conroe and The Woodlands. The site is well-suited for multifamily development or long-term rental operations. Ideal use cases include garden-style apartments or boutique multifamily units tailored to the area’s growing population. Given the location within the Montgomery Independent School District and the proximity to local service industries, the typical tenant profile likely consists of small families, local professionals, and individuals seeking housing near regional recreational hubs. The asset serves a diverse demographic ranging from workforce commuters to those desiring a residence with access to Montgomery’s outdoor and communal amenities.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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