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PRIME GARDEN OAKS REDEVELOPMENT OPPORTUNITY 2223 W 34th St 44 Unit Apartment Building $4,395,904 CAD ($99,907 CAD/Unit) Houston, TX 77018
Investment Highlights
- PRIME REDEVELOPMENT OPPORTUNITY: Approximately ±1.56 acres of land fronting W 34th St, just 0.7 miles from Waltrip High School.
- STRONG TRAFFIC EXPOSURE: W 34th St sees approximately 16,000 vehicles per day (VPD) according to TDOT data, providing strong visibility.
- FLEXIBLE LEASE TERMS: Current leases are on a month-to-month basis, offering flexibility for a quicker redevelopment timeline.
- RAPID GROWTH IN OAK FOREST/GARDEN OAKS: Located in one of the fastest-growing and most sought-after submarkets.
- GREAT ACCESSIBILITY: Property offers excellent accessibility, with direct connections to major roadways including I-45.
Executive Summary
PRIME REDEVELOPMENT OPPORTUNITY: Approximately ±1.56 acres of land fronting W 34th St, just 0.7 miles from Waltrip High
School, offering excellent potential for redevelopment.
RAPID GROWTH IN OAK FOREST/GARDEN OAKS: Located in one of the fastest-growing and most sought-after submarkets in the Houston MSA, Oak Forest/Garden Oaks is experiencing significant demand and development.
STRONG TRAFFIC EXPOSURE: W 34th St sees approximately 16,000 vehicles per day (VPD) according to TDOT data, providing strong visibility.
GREAT ACCESSIBILITY: Property offers excellent accessibility, with direct connections to major roadways including I-45, the 610 Loop, Hwy 290, and I-10, providing convenient access to downtown Houston and the surrounding metro area.
DESIRABLE SCHOOL DISTRICT: The property is within close proximity to top-rated schools, including:
• Oak Forest Elementary (A rating on Niche)
• Black Middle School (B+ rating on Niche)
• Waltrip High School (C+ rating on Niche)
• FLEXIBLE LEASE TERMS: Current leases are on a month-to-month basis, offering flexibility for a quicker redevelopment timeline.
______________________________________________________________________________________________________________________________________________________________________________
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
School, offering excellent potential for redevelopment.
RAPID GROWTH IN OAK FOREST/GARDEN OAKS: Located in one of the fastest-growing and most sought-after submarkets in the Houston MSA, Oak Forest/Garden Oaks is experiencing significant demand and development.
STRONG TRAFFIC EXPOSURE: W 34th St sees approximately 16,000 vehicles per day (VPD) according to TDOT data, providing strong visibility.
GREAT ACCESSIBILITY: Property offers excellent accessibility, with direct connections to major roadways including I-45, the 610 Loop, Hwy 290, and I-10, providing convenient access to downtown Houston and the surrounding metro area.
DESIRABLE SCHOOL DISTRICT: The property is within close proximity to top-rated schools, including:
• Oak Forest Elementary (A rating on Niche)
• Black Middle School (B+ rating on Niche)
• Waltrip High School (C+ rating on Niche)
• FLEXIBLE LEASE TERMS: Current leases are on a month-to-month basis, offering flexibility for a quicker redevelopment timeline.
______________________________________________________________________________________________________________________________________________________________________________
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Property Facts
| Price | $4,395,904 CAD | Apartment Style | Garden |
| Price Per Unit | $99,907 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.51 AC |
| Sale Condition | Redevelopment Project | Building Size | 28,898 SF |
| No. Units | 44 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Price | $4,395,904 CAD |
| Price Per Unit | $99,907 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.51 AC |
| Building Size | 28,898 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1960 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $347,034 CAD | |
| Land Assessment | $3,697,241 CAD | Total Assessment | $4,044,275 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,697,241 CAD
Improvements Assessment
$347,034 CAD
Total Assessment
$4,044,275 CAD
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PRIME GARDEN OAKS REDEVELOPMENT OPPORTUNITY | 2223 W 34th St
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