2200 Wirt Rd
Houston, TX 77055
Concord Apartments · Multifamily Property For Sale · 138 Units

The Concord Apartment Community is a rare opportunity for an investor to purchase an apartment community located in the highly popular Spring Branch area of northwest Houston, TX. The property has good potential upside with continued improvements. It is located in the Spring Branch area in northwest Houston, just outside the 610 Loop. The Spring Branch apartment market is a stable rental market and historically has seen very little asset turnover when compared to other areas of Houston. Due to the demographics of the area most owners tend to hold their assets long term. The historically low "for sale" inventory, along with the infill location, and market statistics has allowed for above average sale prices when compared to the same size and age asset in most other areas that are outside loop 610.
The current owner has expended approximately $363K in capital improvements since 2022. Some of the improvements include Parking Lot Re-Pavement, new Property Entrance Sign, new Exterior Siding on 2 of the 4 buildings, many new HVAC's throughout the property, new Cameras throughout the property, Upgrades in Bathrooms, Granite Counters in some units, some new Flooring and some new Cabinetry (see unit by unit improvements page in the Property Overview section). The Preceding was provided by the owner, and the broker makes no representation or warranties as to its accuracies. The owner states that are continuing to upgrade the interiors of the units. The property just completed their Habitability Inspections.