Victory Apartments is a 78-unit garden apartment community located inside the 610 Loop in the U of H/ I-45 South submarket of Houston, Texas. The property benefits from an excellent location on Beatty Street, less than a quarter of a mile south of Interstate 45, and less than a quarter mile north of Telephone Road, a major thoroughfare in South Houston. The submarket has seen exceptional occupancy growth (8.1%) over the last 3 months, and very strong rental rate growth over the last 12 months (3.5%).
* 99% occupied with a strong existing cash flow * Value-add potential through moderate interior and exterior upgrades * Exceptional submarket occupancy growth (8.1%) over the last 3 months, and very strong rental rate growth over the last 12 months (3.5%) * Variety of floorplans (Efficiency, one and two-bedroom units) with sizes ranging from 495 to 950 square feet * Opportunity to increase revenue with implementation of RUBS for water, gas and/ or electricity * Exceptional Inner 610 Loop location, with easy access to three of Houston' s major freeways (Interstate 45, 610 Loop, Beltway 8) * Roofs replaced in 2005; Seller recently spent $10,000 refurbishing the Chiller * Available All Cash
Call George Tesfa for Buyer Agent. 832 607 1113
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