48 Unit Apt in Houston, TX (Cashflowing)

Description:

The property has several amenities that make living here very nice:
access to HOA pool and Tennis Courts, easy access to highways, public
transportation, shopping, easy street parking, on-site parking, sidewalklined
streets, and tree-lined streets.
Apartment Units Features:
-Balcony or Patio*
-Ceramic Floors
-Granite-style Countertops
-Large Walk-in Closets
-Open Bar Kitchens with Oak Cabinets
-Washer and Dryer in units

-Water heater individually placed in units


The area encompasses a diverse and dynamic community. it is characterized by its proximity to major transportation arteries, including George Bush Intercontinental Airport, making it a strategic location for
both residential and commercial interests. Approximately 65% of residents are renters, indicating a robust rental market. The local economy is supported by industries such as retail trade, construction, and transportation and warehousing. This area presents a compelling opportunity for investors and homebuyers seeking affordability and growth potential. The significant year-over-year increase in home values, combined with a strong rental market.  




Well-Maintained 48-Unit Asset
Built in 1983, this garden-style apartment complex features durable brick and concrete construction, offering long-term structural stability and reduced capital expenditure risk.


Attractive Unit Mix with Spacious Layouts
The property consists of well-sized units ranging from 635 to 1,152 square feet, appealing to a broad tenant base including families and working professionals.


Strong Occupancy History
The asset maintains consistently high occupancy, reflecting healthy tenant demand and stable cash flow performance.


Individually Metered Utilities
Each unit is separately metered for both electricity and water, enabling operational efficiency and lower owner expenses.


Rents at Market with Upside Potential
Current rents are competitive with the local market, with room for incremental increases through strategic updates or amenity enhancements.


Abundant On-Site Parking
The property provides ample parking for residents, a valued feature in suburban multifamily assets.


Located in a Quiet Residential Pocket
Nestled in a quiet, family-oriented neighborhood, the property benefits from a low-density environment and close proximity to schools, parks, and major employment corridors.