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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. 1 of 2 12 Units buildings | @24959 SF ea | @ 2 Acres | Spacious 2BD Units Up to 1,596 SF | near identical building for sale additionally next door with an additional 12 units, 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 in area, 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. Excellent STR potential as well. Schedule your appointment today to explore this unique asset!
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 5/5/2026 |
|---|---|---|---|
| TRACT | April Sound | YEAR BUILT | 1980 |
| COMMUNITY | 39 | COUNTY | Montgomery |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Stewart Creek Elementary School |
|---|---|
| Jr. High School | Oak Hill Junior High School |
| High School | Lake Creek High School |
| PRICE HISTORY | |
| Prior to May 5, '26 | $1,875,000 |
|---|---|
| May 5, '26 - Today | $1,500,000 |
| ADDITIONAL DETAILS | |
| AIR | Electric |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Security |
| APPLIANCES | Dishwasher, Disposal, Range |
| AREA | 39 |
| CONSTRUCTION | Cement Siding |
| EXTERIOR | Balcony |
| FIREPLACE | Yes |
| HEAT | Electric |
| HOA DUES | 26165|Annually |
| LOT | 1.0788 acre(s) |
| LOT DESCRIPTION | Near Golf Course |
| STORIES | 2 |
| SUBDIVISION | April Sound |
| TAXES | 82737 |
| UTILITIES | Cable Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Lake, Water |
MORTGAGE CALCULATOR
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Listed with Keller Williams Realty The Woodlands
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