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103 Summer Pl - Summer Place Cottages 1,100 SF Flex Condo Unit Offered at $2,250,000 in Huntsville, TX 77340
Investment Highlights
- New Construction property 2.026 Acres with Detention, 16-units residential duplexes with a Home-Style Feel
- Premier property features thoughtfully designed amenities to include private fenced in yards along with modern living experiences.
- Located 4 minutes off I-45 outside the Huntsville City Limits, no zoning, with close proximity to all amenities.
Executive Summary
Summer Place Cottages with a Home-Style Feel is a newly developed 2.026 acre community housing 16-units residential duplexes under construction in 2026 in Huntsville, Texas. Completion Date: August 20266. This premier property features thoughtfully designed amenities to include private fenced in yards along with modern living experiences to allow its residents the highest standards of quality and providing residents with exceptional living environment. The Huntsville area has experienced relatively steady growth over the past several years and possesses the positive attributes necessary to continue growing into the future. Huntsville's stability, its proximity between Houston and Dallas/Fort Worth, and it accessibility from IH-45 have created a more diverse economy and a favorable impacted its future growth and economic potential. The slow but steady trend of expansion of the economic base is anticipated to continue over the foreseeable future. This Steady expansion should help maintain a relatively good balance in most forms of real estate. Exceptional Location, located 4 minutes off I-45 in Huntsville 7.4 Miles from Sam Houston State University. High-Quality, Modern Construction. Subject is not located in FEMA flood zone Strong Demand & Upside Potential Sustained Long-Term Value Appreciation
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 3 |
| Cap Rate | 6.75% | Sale Conditions | 1031 Exchange, Bulk/Portfolio Sale |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| No. Parking Spaces | 3 |
| Sale Conditions | 1031 Exchange, Bulk/Portfolio Sale |
Electric Company has started installing power, week of August 10-14th, to be completed week of 8-17-26.
Management Company in place, taking applications now.
Current Marketing Price is while property is under construction.
Construction Completed price is $2,350,000.00 ( Sept 1, 2026 )
Stablized Units $2,410,000.00
Builder direct Pricing for Asset Repositioning: Trade or 1031-Exchange your raw land into high-yielding, passive-income properties that actually "Earn an Income" and eliminate overhead. Utilize 100% bonus depreciation to write off significant portions of the acquisition cost in year one
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 8 | 1,100 SF | Flex | $2,250,000 ($2,045.45/SF) | $151,875 |
Unit 8
| Unit Size |
| 1,100 SF |
| Condo Use |
| Flex |
| Price |
| $2,250,000 ($2,045.45/SF) |
| NOI |
| $151,875 |
Unit 8
| Unit Size | 1,100 SF |
| Condo Use | Flex |
| Price | $2,250,000 ($2,045.45/SF) |
| NOI | $151,875 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| No. Parking Spaces | 3 |
| Sale Conditions | 1031 Exchange, Bulk/Portfolio Sale |
| Description | |
| Property has 16-unit duplexes on 2.026 acres with Detention. Single story, split floor plans. Living on each side of the home. Large island kitchen with pantry with 42" cabinets, stainless steel appliance, dining room that leads to private covered patio, laundry room with hook-ups.</li></ul> | |
| Sale Notes | |
| Construction Completion by Aug 30th, 2026 <br> Electric Company has started installing power, week of August 10-14th, to be completed week of 8-17-26.<br> Management Company in place, taking applications now.<br> <br> Current Marketing Price is while property is under construction. <br> Construction Completed price is $2,350,000.00 ( Sept 1, 2026 )<br> Stablized Units $2,410,000.00<br> <br> Builder direct Pricing for Asset Repositioning: Trade or 1031-Exchange your raw land into high-yielding, passive-income properties that actually "Earn an Income" and eliminate overhead. Utilize 100% bonus depreciation to write off significant portions of the acquisition cost in year one</li></ul> |
Property Facts
| Total Building Size | 1,100 SF | Typical Floor Size | 1,100 SF |
| Property Type | Multifamily (Condo) | Year Built | 2026 |
| Property Subtype | Apartment | Lot Size | 2.26 AC |
| Floors | 1 | Parking Ratio | 2.73/1,000 SF |
| Zoning | none | ||
| Total Building Size | 1,100 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Floors | 1 |
| Typical Floor Size | 1,100 SF |
| Year Built | 2026 |
| Lot Size | 2.26 AC |
| Parking Ratio | 2.73/1,000 SF |
| Zoning | none |
Amenities
- Smoke Detector
Site Amenities
- 24 Hour Access
- Wheelchair Accessible
- Maintenance on site
- Individual Locking Bedrooms
- Private Bathroom
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | $1,500 | 1,118 |
Contact the Sale Advisor
103 Summer Pl - Summer Place Cottages