Investment Highlights
- Located in the Gulfton/Westbury submarket: the submarket has historically experienced above average rent growth and high occupancy
- Value-add opportunity: a new investor has the opportunity to upgrade the remaining 350 of the units and expand upon current upgrades the see significant increases in rental income
- Minimal deferred maintenance: the property has recently received numerous CapEx improvements, including new roofs and clubhouse, allowing the new investor to allocate more dollars towards interior
- Proximate to major employment centers: the asset is located minutes from Highway 90 and Beltway 8, allowing residents quick and convenient access to major employment centers throughout Houston
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