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1107 Palestine St
Conroe, TX 77301 Downtown Conroe

$880,000 USD

Apartments For Sale • 5,200 SF

Property Details

Property Type Apartments
Total Building Size 5,200 SF
Lot Size 0.37 AC
Building Class C
Year Built 1980
Cap Rate 7.70 %

0 Transit Score

60 Walk Score

                
                    Highlights
                
                                Located in the growing Conroe market with access to everyday amenities and services.
                            
                                Consistently maintained with ongoing updates completed during tenant turnovers.
                            
                                Highly sought after complex with waiting list for tenants.
                            
                                Recent improvements include interior paint, updated plumbing fixtures, replaced windows, and appliance upgrades.
                            
                                On-site coin-operated laundry facility provides added tenant convenience.
                            
                                Convenient access to employment centers, grocery stores, shopping, dining, and entertainment.

Financial Summary (Actual)

Net Operating Income: $67,855 USD (2025)

Cap Rate:	7.70 %
Total Expenses:	$31,145 USD

Amenities

Laundry Facilities
Picnic Area
Tenant Controlled HVAC
Grill
Trash Pickup - Curbside

Public Transportation

Airport	Drive	Walk	Distance
George Bush Intcntl/Houston	40 min	-	31.9 mi

Brandi Burke 281-682-6069 Strong Real Estate Co.

1107 Palestine St Conroe, TX 77301 Downtown Conroe