Value-add, 1,106 Units, Built 2000, 1983 & 1968 | Texas
The Houston 3 Portfolio consists of 3 properties totaling 1,106 units – Windsor Estates, Vanderbilt and Baystone. This portfolio provides an opportunity to gain an immediate economies of scale by acquiring three high quality, institutionally owned and managed, well maintained, value add opportunity assets in The Greater Houston Area, the 4th largest City in the Nation. The sub-market areas of Bay Area Houston and Spring have seen less than 1,900 new units added to the supply since 2015. This enables an investor to capture the increasing demand for enhanced living by implementing a modern, value-add program with an estimated average of $171 upside per unit average over current effective rents.