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3509 Elgin St
Houston, TX 77004
The Icon & The Lofts @ The Icon · Multifamily Property For Sale
·
344 Units
INVESTMENT HIGHLIGHTS
- Premier Student Housing Community in Houston, Steps from University of Houston and Texas Southern University
- Resort-Style Amenities Including 3 Pools with Swim-Up Bar, Two Clubhouses, 3 Fitness Centers, Yoga Room, 15+ Study Spaces and More
- 344 Units with 712 Beds, Offering Bed-Bath Parity and a Mix of Studio to Five-Bedroom Layouts
- Exceptional Convenience with On-Site Retail, Garage Parking, Dog Park, and Public Transportation Directly Across the Street
EXECUTIVE SUMMARY
This offering represents the opportunity to acquire a student housing community in Houston, Texas, pedestrian to the University of Houston and Texas Southern University. The Icon & The Lofts @ The Icon is a 344-unit, 712-bed community with a mix of studio, one-, two-, three-, four-, and five-bed units with bed-bath parity built in two phases in 2017 and 2022.
The Icon & The Lofts @ The Icon offers amenities to its residents including three swimming pools, a swim-up bar, two clubhouses, three fitness centers, a yoga room, outdoor grilling stations,15+ study rooms, free printing, movie theater, game room, public transport across the street, on-site retail, garage parking, and a dog park.
This offering represents 100 percent fee-simple interest in The Icon & The Lofts @ The Icon, free and clear of any debt. For more information, reach out to the Franklin Street Student Housing Team.
The Icon & The Lofts @ The Icon offers amenities to its residents including three swimming pools, a swim-up bar, two clubhouses, three fitness centers, a yoga room, outdoor grilling stations,15+ study rooms, free printing, movie theater, game room, public transport across the street, on-site retail, garage parking, and a dog park.
This offering represents 100 percent fee-simple interest in The Icon & The Lofts @ The Icon, free and clear of any debt. For more information, reach out to the Franklin Street Student Housing Team.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 3.41 AC |
| No. Units | 344 | Building Size | 295,343 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 2017 |
| Building Class | B | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| No. Units | 344 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 3.41 AC |
| Building Size | 295,343 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2017 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Wi-Fi
- Freezer
- Island Kitchen
SITE AMENITIES
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Picnic Area
- Playground
- Pool
- Cabana
- Furnished Units Available
- Gameroom
- Grill
- Media Center/Movie Theatre
- Pet Play Area
- Wi-Fi
- Community-Wide WiFi
- Conference Rooms
- Elevator
- Lounge
- Private Bathroom
- Roommate Matching
- Study Lounge
- Key Fob Entry
PROPERTY TAXES
| Parcel Number | 1378730020001 | Improvements Assessment | $48,031,988 CAD |
| Land Assessment | $2,966,190 CAD | Total Assessment | $50,998,178 CAD |
PROPERTY TAXES
Parcel Number
1378730020001
Land Assessment
$2,966,190 CAD
Improvements Assessment
$48,031,988 CAD
Total Assessment
$50,998,178 CAD
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