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Attributes
Year Built | 2000 |
Building Area Gross |
|
Land Area Gross |
|
Number of units | 186 |
Asset Description
- Property Type: Garden Style
- Year Built: 1983
- Units: 186 Units
- Average Unit Size: 876 sf
- Rentable Square Feet: 162,900 sf
- Site Size: 5.74 acres
Investment Highlights
- Well-Maintained 1983 Construction with Proven Value-Add Premiums on ~40% of Units and Abundant Upside Remaining
- Located in Robust Multi-Housing Submarket with 13.2% T12 rent growth and no conventional units under construction
- Significant premium to own versus rent in Willowbrook due to elevated home prices (Average Home Value $295K in 3-Mile Radius)
- Exceptional access to Houston's top employment centers including The Woodlands, Energy Corridor, CityCentre
- Prime Walkability to Outstanding Retail Demand Drivers: Target, The Willowbrook Mall, Willowbrook Plaza
- Zoned to Acclaimed Cy-Fair School District
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