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55+ Corinthian Village Independent Senior Living

$8,350,000

6105 West Orem Drive, Houston, TX 77085

Pending
Last Updated: 10/29/2024

128,331 sqft

Building Size

5.7 acres

Lot Area

Details:
Building Size:    128,331 sqft
Lot Area:    5.7 acres
Occupancy:    97%
Class:    B
Units:    124
Year Built:    2009
Price Per Sqft:    $65.06
Price Per Unit:    $67,339
Floors:    3
Parking Spots:    143
Number of Elevators:    4
Investment Strategy:    Value Add
Highlights:
  • The property offers tenants full kitchen packages, stackable washer/dryers, high speed internet and cable TV, private patios or balconies, and 4 elevators.
  • This 55+ Multi-Family property is located near the Beltway and the Ft. Bend Toll Road.
  • Built in 2009, is in Good Condition on 5.77 Acres.
  • Facilities include gated access, well-manicured gardens with benches and BBQ pits, multipurpose activity room, media room and other amenities.
  • Property is not in any Flood Plain/Zone.
  • Owned by a Church that does not understand how to run a 55+ property!
  • Property was just approved for 55+. Since 2009, it was operated as a 62+.
Description:

This 55+ Multi-Family property is located near the Beltway and the Ft. Bend Toll Road.

Built in 2009, is in Good Condition on 5.77 Acres.

Facilities include gated access, well-manicured gardens with benches and BBQ pits, multipurpose activity room, media room and other amenities.

The property offers tenants full kitchen packages, stackable washer/dryers, high speed internet and cable TV, private patios or balconies, and 4 elevators.

Property is not in any Flood Plain/Zone.

Owned by a Church that does not understand how to run a 55+ property!

This is a value-added deal! Rent Roll and other Financial Information avaiable Friday.

Map:
Documents:
Title
6105_W_Orem-Brochure.pdf
6105_W_Orem-Floor_Plans.pdf
mortgage_payment.pdf
Corinthian_V_CapX_12_Month_Trailing.xlsx
CV_Trail_Report_2023.xlsx
CV_Trail_Report_2022.xlsx
Corinthian_Village_Rent_Rolls.pdf
pl.pdf
pl_june.pdf
Corinthian_Village_COH_Loan_Agreement.pdf
Restrictive_Covenants__2009_.pdf
Corinthian_Village_-_As_Built_Survey_-pdf.pdf
Special_Warranty_Deed.pdf
Modification_of_Deed_of_Trust.pdf
Loan_Modification_and_Assumption_Agreement__2015_.pdf
6105_W_Orem-Floor_Plans.pdf
6105_W_OREM-__55_CORINTHIAN_VILLAGE_INDEPENDENT_SENIOR_LIVING_.docx
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