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100 La Costa Dr 26 Unit Apartment Building $1,900,000 ($73,077/Unit) Montgomery, TX 77356
INVESTMENT HIGHLIGHTS
- Significant redevelopment opportunity with a strong upside for investors in a charming lakeside community, comprising 26 units and room for expansion.
- Highly affluent, where an average household income of $132,561 contributes to $489,930,426 in total consumer spending within a 3-mile radius.
- Backed by the acclaimed Margaritaville Golf Course and encompassed by esteemed retailers and day-to-day amenities within a five-minute drive.
- Enter an attractive and expanding market, with a population increasing by 6.3% since 2020 and projected to rise by 4.9% over the next four years.
EXECUTIVE SUMMARY
100 La Costa Drive offers tremendous value-add potential with 26 residential units, a commercial building, and additional land for future development. The residential units are approximately 1,086 square feet each, while the commercial building is estimated at 3,000 square feet. Additionally, approximately 2 acres of land are available for new construction, offering ample opportunity for expansion. Suites are ready for full customization, allowing complete renovations and the addition of fire sprinklers to meet modern standards.
Located next to Margaritaville and directly across from Lake Conroe, this site boasts an exceptional location. Positioned by the Margaritaville Golf Course and the Walden on Lake Conroe Golf Club, this site is in a prestigious community with numerous lifestyle-rich amenities in the surrounding area. Residents can enjoy quick access to everyday conveniences in Montgomery, such as Walmart Supercenter, Chick-fil-A, and CVS, just a five-minute drive away. 100 La Costa Drive presents an exceptional opportunity to capitalize on Grand Harbor’s strong demographics and unlock future growth potential.
Located next to Margaritaville and directly across from Lake Conroe, this site boasts an exceptional location. Positioned by the Margaritaville Golf Course and the Walden on Lake Conroe Golf Club, this site is in a prestigious community with numerous lifestyle-rich amenities in the surrounding area. Residents can enjoy quick access to everyday conveniences in Montgomery, such as Walmart Supercenter, Chick-fil-A, and CVS, just a five-minute drive away. 100 La Costa Drive presents an exceptional opportunity to capitalize on Grand Harbor’s strong demographics and unlock future growth potential.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS In Escrow
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Washer/Dryer Hookup
- Kitchen
- Dining Room
- Wet Bar
SITE AMENITIES
- Business Center
- Clubhouse
- Pool
- Gated
- Multi Use Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 26 | - | 1,086 |
PROPERTY TAXES
| Parcel Number | 4013-03-02210 | Improvements Assessment | $455,823 (2025) |
| Land Assessment | $42,371 (2025) | Total Assessment | $498,194 (2025) |
PROPERTY TAXES
Parcel Number
4013-03-02210
Land Assessment
$42,371 (2025)
Improvements Assessment
$455,823 (2025)
Total Assessment
$498,194 (2025)
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100 La Costa Dr
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