Cash Flowing Investment Opportunity.
Rare opportunity to acquire an extensively renovated, strong performing asset (2nd largest multifamily property) in the Sharpstown/Westwood submarket of the Houston MSA
Completely renovated, immaculate asset: Interior renovations include: New cabinets, granite countertops, new appliances, new flooring and new plumbing / lighting fixtures
Exceptional location and visibility at the intersection of two of Houston’s busiest thoroughfares, Bissonnet St. and the Sam Houston Tollway (Beltway 8)
Within a 3 mile drive to the Westchase District - home to more than 93,000 employees & 1,500 businesses and within 9 miles to the Galleria / Uptown District (over 82,000 employees / 2,000+ businesses)
Plentiful revenue enhancement opportunities such as adding washer / dryer appliances (full size washer / dryer connections in over 55% of the units), valet trash, pet rent and cable fees
12% growth in households (from 2010 - 2021) within a 1 mile radius of which over 88% are renter occupied
The Sharpstown/ Westwood submarket has experienced strong annualized rental rate growth of 7.7% over the last 3 months
Exterior renovations: New roofs, siding, flatwork, HVAC and perimeter gates
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