Havenwood 333 Uvalde Rd 291 Unit Apartment Building For Sale Houston, TX 77015

1) Havenwood Apartments, a recently foreclosed, 291-unit multi-family property is being offered for sale exclusively by Houston Income Properties, Inc.
and KET Enterprises Incorporated. The sale is on an "all-cash" basis; the buyer will be responsible for arranging any new financing.
The community is primarily all-electric, except for domestic hot water (gas boilers) and community dryers (gas). Current occupancy is approximately 32%, including
seven subsidized tenants. Additional revenue is currently charged for water/sewer and trash, with further upside potential for gas and pest control chargebacks.
Amenities include a standalone two-story building with a leasing office, clubhouse (kitchen), business center, large flex room, and mailroom. Parking totals
approxim,ately 619 spaces, including 52 covered. A staged 2-bed/1.5-bath model unit (925 sq. ft.) is available for viewing.
Per the Vacant Unit Report, there are 41 major repair units offline (down), 67 requiring heavy repairs, and 42 heavy make-readies, subject to change. The property
was built in 1971 and renovated in 2021–2023 by the prior owner. Havenwood is categorized as a C asset in a C area in the unincorporated portion of Houston,
Texas.
2) Location & Accessibility - Havenwood is located in unincorporated east Harris County, within the Northshore/Woodforest submarket east of Houston
(outside city limits). The site sits on Uvalde Road just north of Woodforest Boulevard, providing convenient access to major employment centers around the Port of
Houston and the Houston Ship Channel, including port-related operations, manufacturing, chemical/refining, healthcare, and retail employers. The submarket is
generally bounded by I-10 to the south, the Sam Houston Tollway to the east, Maxey Road to the west, and Wallisville Road to the north. Havenwood is
approximately 1.5 miles west of the Sam Houston Tollway, 1.5 miles north of I-10, and about 10 miles east of Downtown Houston.
3) Strong Rent Growth - Today’s economic environment is favorable for rental property owners. Rising home prices and higher mortgage rates have made
home-ownership less attainable for many buyers, extending household demand for rentals. In addition, continued job growth in the Houston area and persistent
barriers to home purchase are expected to support multifamily demand over the long term.