About 32607 Octavia Drive
Attention investors and developers! This rare opportunity features more than ½ acre of land on a highly desirable corner lot, offering excellent potential for future development while generating immediate rental income. The property includes two existing rental homes (ALREADY LEASED), providing cash flow from day one. With its generous lot size, corner location, and development possibilities (subject to local zoning and approvals), this property is ideal for investors looking to expand their portfolio or explore new construction opportunities. Whether you're seeking a buy-and-hold investment, redevelopment project, or a combination of both, this versatile property offers exceptional upside. Large parcels with existing income and building potential are increasingly difficult to find—don't miss this unique opportunity.
Features of 32607 Octavia Drive
| MLS® # | 39329802 |
|---|---|
| Price | $373,999 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,440 |
| Square Footage | 26249.256 |
| Acres | 0.60 |
| Year Built | 1985 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Other |
| Status | Active |
Community Information
| Address | 32607 Octavia Drive |
|---|---|
| Area | 15 |
| Subdivision | Royal Oaks On 1488 02 |
| City | Magnolia |
| County | Montgomery |
| State | TX |
| Zip Code | 77354-3253 |
Amenities
| Parking | No Garage |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Cooling | Electric |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Other, 1/2 Up to 1 Acre |
|---|---|
| Roof | Composition |
| Construction | Other, Wood Siding |
| Foundation | Pillar/Post/Pier |
School Information
| District | 36 - Magnolia |
|---|---|
| Elementary | Magnolia Parkway Elementary School |
| Middle | Magnolia Parkway Junior High |
| High | Magnolia High School |
Additional Information
| Days on Website | 24 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Master Planned Community | No |
Listing Details
| Office | Spring Branch Realty Inc. |
|---|