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Grand Monarch Apartments 155 Plez Morgan 72 Unit Apartment Building For Sale 6% Cap Rate Montgomery, TX 77356
Investment Highlights
- Leased with all bills paid excluding electric (Including: Water, Sewer, Trash, Wifi, and Washer/Dryer in units)
- Extra land space with pond to build out amenities
- Storage: 72 – 80 SF units
Executive Summary
Call for Offers: May 1, 2026
Property Overview:
72 units | Built in 2024
93% Occupied
Unit mix: ~66% two-bedrooms
Storage: 72 – 80 SF units
Additional land with pond. Clear path to future amenity expansion
Location Story:
$70M Montgomery ISD Career & Tech Campus being built directly across the street
New HEB coming within ~2 mileS
Property Overview:
72 units | Built in 2024
93% Occupied
Unit mix: ~66% two-bedrooms
Storage: 72 – 80 SF units
Additional land with pond. Clear path to future amenity expansion
Location Story:
$70M Montgomery ISD Career & Tech Campus being built directly across the street
New HEB coming within ~2 mileS
Property Facts
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6% | Lot Size | 7.59 AC |
| No. Units | 72 | Building Size | 71,400 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2024 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.59 AC |
| Building Size | 71,400 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 2024 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Wi-Fi
- Freezer
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $1,250 | 725 |
| 2+2 | 48 | $1,400 | 985 |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 4025-00-00100 | Improvements Assessment | $9,410,821 |
| Land Assessment | $1,045,408 | Total Assessment | $10,456,229 |
Property Taxes
Parcel Number
4025-00-00100
Land Assessment
$1,045,408
Improvements Assessment
$9,410,821
Total Assessment
$10,456,229
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Grand Monarch Apartments | 155 Plez Morgan
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