85 & 89 Kalyn Road | Walker County

Description

Unique Investment Opportunity!

This established 8-unit multifamily property is located only minutes from Huntsville. It includes 5 mobile homes (2/1) and 3 site-built homes (2-2/2 & 1-2/1) on 2 acres of property with paved road frontage. Both the 2 bedroom/2 full bath homes were built in 2017 with the remaining units from the 1980s. All units are currently on community water, but there is also an existing well onsite. Three units utilize aerobic septic with the remaining 5 on conventional. The seller has been actively involved in maintaining the property, and there have been updates to many of the older units. There is strong rental demand in this area at this price point; units rent quickly.

Do not miss this opportunity. Contact us today!

MARKET HIGHLIGHTS: Huntsville, Texas offers an excellent quality of life and is home to Sam Houston State University (one of the fastest-growing universities in the state). It also has other major employers such as TDCJ, Region 6 Educational Service Center, Walmart, Weatherford, and many others, making it an increasingly valuable investment market. Sam Houston State University has a growing population of 21,000+ students which continues to increase the demand for housing and economic growth in this area.

DEMOGRAPHICS: 1 Mile 3 Mile 5 Mile

Total Population 2023 521 2,160 4,182

Total Daytime Population 328 1,377 2,900

Average HH Income $67,116 $63,947 $67,157

*Demographic data derived from 2023 STDB

Directions:

From Houston: Follow IH 45 North to exit 102, Exit on FM 1375 towards SH 75, .5 mile turn left on SH 75N, 5.3 miles turn right on FM 2296, 7.4 miles turn right on US 190E, .8 mile turn right on Kalyn Rd., In .5 mile the property is on your left.

Showing Instructions:

Buyer &/or agents must notify Homeland Properties of intent to view/tour & make advance appointment. A minimum of 24 hours’ notice is required. Buyers must be accompanied by broker/agent. Licensed co-brokers are welcome to show this property by advance appointment and will receive a co-broker fee if the co-broker accompanies their buyer from the first contact to the closing of a sale. Tax IDs 16625 & 62769, Financials are available upon request after completing an NDA. The personal property will need to be negotiated on a separate bill of sale. Please contact the listing agent for additional details. Proof of funds or Prequalification letter will be required before all showings.