360-unit luxury apartment home community in the heart of the Champions area of Houston, TX is now available for sale.
New Garden Style Luxury Apartment Homes built in 2022 available with multiple Floor Plans
Residents are immersed in garden style open floor plan layout that encompasses a collection of new 1 and 2 bedroom units of approximately 950 square feet of modern finishes, stainless steel appliances, walk-in closets, wood flooring and modern kitchens.
Address with financials available upon request
1 & 2 beds, 1 & 2 full baths * Built in 2022 * 336,624 rentable SF * 12% TTM rent growth * Open Floor Plans * Off-Market Listing
Core Plus Opportunity…
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245 units newly renovated concrete block construction built in 1972 with 282,990 total square feet. Over $2.8M invested in exterior improvements including roofs, landscaping, new clubhouse, leasing center, fitness center and more. Within minutes of gulf coast beaches including $1.3M typical home values.
Address and financials available upon request
151 standard units currently available for updates. Large units averaging 1,155 rentable square feet with majority 2X2 floor plans with wide balconies and golf course views in select units. $400+ new lease premiums compared to older leases. $400 to $600 spread between effective rents of upgraded units versus similar interior finishes at comparable properties.
The investor has the flexibility to add value toward 151 units (60%) with existing build-outs in place to measure the actual NOI premium. The premium finishing includes hard-wood floors, stainless steel kitchen appliances, premium lighting and washer/dryer units.
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Select from our diverse inventory. We have the “best-fit” deals for you. Contact us today to schedule your free consultation, perform due diligence and add quality assets to your existing portfolio!
sales@evergreencommercialrealty.com
310-221-7991
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