32607 Octavia Dr, Magnolia, TX 77354
- $390,000
- 3
- BD
- 2
- BA
- 1,440
- SqFt
- List Price
- $390,000
- MLS#
- 39329802
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Residential
- Style
- Other
- Year Built
- 1985
- Bedrooms
- 3
- Bathrooms
- 2
- Acres
- 0.60
- Living Area
- 1,440
- County
- Montgomery
- Area
- 15
- City
- Magnolia
- Subdivision
- Royal Oaks On 1488 02
Property Description
Attention investors and developers! This rare opportunity features more than ½ acre of land on a highly desirable corner lot, offering excellent potential for future development while generating immediate rental income. The property includes two existing rental homes (ALREADY LEASED), providing cash flow from day one. With its generous lot size, corner location, and development possibilities (subject to local zoning and approvals), this property is ideal for investors looking to expand their portfolio or explore new construction opportunities. Whether you're seeking a buy-and-hold investment, redevelopment project, or a combination of both, this versatile property offers exceptional upside. Large parcels with existing income and building potential are increasingly difficult to find—don't miss this unique opportunity.
Additional Information
- Unexempt Taxes
- $1,411
- Lot Size
- 26,249
- Lot Description
- Other
- Foundation
- Pillar/Post/Pier
- Roof
- Composition
- Stories
- 1
- School District
- Magnolia
- Elementary School
- Magnolia Parkway Elementary School
- Middle School
- Magnolia Parkway Junior High
- High School
- Magnolia High School
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Listing courtesy of Aurelio Rodriguez from Spring Branch Realty Inc.. Contact: