Overview
Amenities & Expansion Potential: Grand Monarch offers a serene, park-like setting with ample green space overlooking a picturesque pond, creating a peaceful living environment. Additionally, the extra land provides an opportunity to add sought-after amenities such as:
✔ Storage units
✔ BBQ grill with pergola
✔ Dog park
✔ Outdoor rrecreational areas
Value-Add & Additional Income Potential: Currently, rents include:
- Washer/dryer
- Trash
- WiFi
- Water
- Sewer
Presenting a strong opportunity for the next owner to implement additional income streams by separately billing for these services. This strategic shift could significantly increase NOI and overall asset value while keeping rents competitive in the market. Additionally, each unit comes with its own 80 sqft storage unit, which could be broken out separately for extra income.
Investment Highlights
- Strong Market Rents: Current and proforma rents project at $1.59/SF for 1-bedroom units and $1.43/SF for 2-bedroom units, offering excellent upside potential.
- Turnkey Asset with Additional Upside: Offered on a fee-simple, free-and-clear basis, allowing investors full flexibility in financing and operational strategy.
- High-Growth Location: Montgomery, TX, continues to experience strong rental demand and economic growth, supporting long-term asset appreciation. Notably, this location is less than 2 miles away from a new H-E-B development.
- Grand Monarch Apartments presents a rare opportunity to acquire a newly built, high-quality multifamily asset with immediate valueadd potential. Whether as a stabilized investment or a strategic repositioning play, this property is poised to deliver long-term returns.
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Texas Multifamily Team
