Log In/Sign Up
Your email has been sent.
135 Teralyn Grove Loop - 2 Home Package in The Woodlands Hills, Texas 3,702 SF Specialty Building Offered at $1,049,990 at a 4.66% Cap Rate in Willis, TX 77318
Investment Highlights
- 135 Teralyn Grove is across from the 17-acre park, formerly model home
- No neighbors on one end of each home, tenant occupied
- Plenty of parking spaces in coveted location
Executive Summary
Great Investment opportunity, better tenants.
Both of these properties are located in The Woodlands Hills master-planned community in Willis, TX. Tenant occupied, do not disturb them.
148 Gray Pine Grove Way
Property Type: Single-Family Traditional Home
Key Specs: 4 Bedrooms, 3.5 Bathrooms, 3,702 Sq. Ft.
Interior Highlights: This home features a cathedral ceiling foyer with expansive windows that fill the space with natural light. The layout includes a formal living area, a dedicated home office, a game room, and a media room upstairs. The kitchen is designed for entertaining with a large quartz island, walk-in pantry, and breakfast bar.
Exterior & Lot: Situated on a generous 0.30-acre corner lot with a fully fenced backyard. The exterior is finished with a classic brick and stone combination.
Community Perks: Residents have access to neighborhood amenities, including a clubhouse and subdivision tennis courts. Many improvements were made in 2024.
135 Teralyn Grove Loop
Property Type: Single-Family Home (Former Model Home)
Key Specs: 5 Bedrooms, 3 Full Bathrooms, ~3,618 Sq. Ft.
Interior Highlights: As a former model home, this property boasts high-end finishes and abundant natural light. The floor plan includes both formal living and dining areas, a game room, and a kitchen featuring soft-closing cabinets and drawers with an island. The primary suite is conveniently located on the first floor.
Energy & Tech: Equipped with energy-efficient HVAC, a digital programmable thermostat, and pre-wiring for sound and alarm systems.
Exterior & Lot: The property features a fully fenced backyard with a sprinkler system and sits on a ~11,489 sq. ft. lot
148 Gray Pine Grove is generating $3,300.00 per month on a two-year lease, potentially for extending
135 Teralyn Grove Loop is generating $3,550.00 with 6 months left on the lease, but with the intention of extending the lease
Lease pricing could be negotiated at the end of the term.
Both of these properties are located in The Woodlands Hills master-planned community in Willis, TX. Tenant occupied, do not disturb them.
148 Gray Pine Grove Way
Property Type: Single-Family Traditional Home
Key Specs: 4 Bedrooms, 3.5 Bathrooms, 3,702 Sq. Ft.
Interior Highlights: This home features a cathedral ceiling foyer with expansive windows that fill the space with natural light. The layout includes a formal living area, a dedicated home office, a game room, and a media room upstairs. The kitchen is designed for entertaining with a large quartz island, walk-in pantry, and breakfast bar.
Exterior & Lot: Situated on a generous 0.30-acre corner lot with a fully fenced backyard. The exterior is finished with a classic brick and stone combination.
Community Perks: Residents have access to neighborhood amenities, including a clubhouse and subdivision tennis courts. Many improvements were made in 2024.
135 Teralyn Grove Loop
Property Type: Single-Family Home (Former Model Home)
Key Specs: 5 Bedrooms, 3 Full Bathrooms, ~3,618 Sq. Ft.
Interior Highlights: As a former model home, this property boasts high-end finishes and abundant natural light. The floor plan includes both formal living and dining areas, a game room, and a kitchen featuring soft-closing cabinets and drawers with an island. The primary suite is conveniently located on the first floor.
Energy & Tech: Equipped with energy-efficient HVAC, a digital programmable thermostat, and pre-wiring for sound and alarm systems.
Exterior & Lot: The property features a fully fenced backyard with a sprinkler system and sits on a ~11,489 sq. ft. lot
148 Gray Pine Grove is generating $3,300.00 per month on a two-year lease, potentially for extending
135 Teralyn Grove Loop is generating $3,550.00 with 6 months left on the lease, but with the intention of extending the lease
Lease pricing could be negotiated at the end of the term.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$82,200
|
$22.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,200
|
$22.20
|
| Taxes |
$31,000
|
$8.37
|
| Operating Expenses |
$2,200
|
$0.59
|
| Total Expenses |
$33,200
|
$8.97
|
| Net Operating Income |
$49,000
|
$13.24
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $82,200 |
| Annual Per SF | $22.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,200 |
| Annual Per SF | $22.20 |
| Taxes | |
|---|---|
| Annual | $31,000 |
| Annual Per SF | $8.37 |
| Operating Expenses | |
|---|---|
| Annual | $2,200 |
| Annual Per SF | $0.59 |
| Total Expenses | |
|---|---|
| Annual | $33,200 |
| Annual Per SF | $8.97 |
| Net Operating Income | |
|---|---|
| Annual | $49,000 |
| Annual Per SF | $13.24 |
Property Facts
Amenities
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 9271-08-03900 | Total Assessment | $473,958 |
| Land Assessment | $58,000 | Annual Taxes | $31,000 ($8.37/SF) |
| Improvements Assessment | $415,958 | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
9271-08-03900
Land Assessment
$58,000
Improvements Assessment
$415,958
Total Assessment
$473,958
Annual Taxes
$31,000 ($8.37/SF)
Tax Year
2025 Payable 2025
1 of 30
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Onpoint Property Management
135 Teralyn Grove Loop - 2 Home Package in The Woodlands Hills, Texas
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.