About 5440 Highline Drive
Exceptional investment opportunity in Montgomery, TX! This multifamily property consists of four duplexes totaling eight income-producing units, all currently leased and generating cash flow from day one. The property has benefited from ongoing improvements, including new roofs, new water heaters in select units, and renovations completed in several units as vacancies occurred over recent years. With an established rental history and existing tenants in place, this is an ideal opportunity for investors looking to add a stabilized multifamily asset to their portfolio. Even more upside awaits with additional land offering the potential to build more duplexes in the future and further increase rental income. A rare combination of immediate cash flow, continued improvements, and future expansion potential in growing Montgomery! The other 3 duplex addresses are 5498, 5516 and 5462 Highline Drive Montgomery, TX 77316
Features of 5440 Highline Drive
| MLS® # | 54629517 |
|---|---|
| Price | $1,200,000 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 1,960 |
| Square Footage | 22002 |
| Acres | 0.51 |
| Year Built | 2008 |
| Type | Residential Income |
| Sub-Type | Multi Family,Multiple Detached Dwellings |
| Status | Active |
Community Information
| Address | 5440 Highline Drive |
|---|---|
| Area | 39 |
| Subdivision | Holly Estates 01 |
| City | Montgomery |
| County | Montgomery |
| State | TX |
| Zip Code | 77316-4003 |
Amenities
| Utilities | Cable Connected, Electric, Water Connected |
|---|---|
| Parking | Two |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Range, Microwave, Dishwasher |
|---|---|
| Heating | Electric |
| Cooling | Electric |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | 1/2 Up to 1 Acre |
|---|---|
| Roof | Composition |
| Construction | Cement Siding, Wood Siding |
School Information
| District | 37 - Montgomery |
|---|---|
| Elementary | Lone Star Elementary School (Montgomery) |
| Middle | Oak Hill Junior High School |
| High | Lake Creek High School |
Additional Information
| Days on Website | 3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Master Planned Community | No |
Listing Details
| Office | Nan & Company Properties - Corporate Office (Heights) |
|---|