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Forest Palm Apartments 815 Autumnwood Dr 119 Unit Apartment Building For Sale Houston, TX 77013
INVESTMENT HIGHLIGHTS
- A turnkey cash-flowing asset that would be a fantastic addition to any portfolio
- Investors can enjoy cash flow from day 1 with the upside of increasing rents and market improvements
- Historically high occupancy
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present this meticulously maintained 119-unit apartment complex, originally built in 1974, rebuilt in 2012, and renovated in 2018, the
property boasts favorable financing through a new agency loan and is located at 815 Autumnwood Dr in Houston, Texas.
The complex is comprised of 73 one-bedroom units / 41 two-bedroom units / 2 three-bedroom units / 2 efficiency units, and 1 four-bedroom unit. Property amenities
include on-site management, a leasing office, laundry facilities, reserved parking, and a park and playground for tenants' use.
Since its reconstruction, the property has been exceptionally well-kept and consistently boasts high occupancy, all while operating at a very efficient rate.
This investment opportunity offers immediate cash flow, with the upside of increasing rents, providing investors with both stability and growth potential.
property boasts favorable financing through a new agency loan and is located at 815 Autumnwood Dr in Houston, Texas.
The complex is comprised of 73 one-bedroom units / 41 two-bedroom units / 2 three-bedroom units / 2 efficiency units, and 1 four-bedroom unit. Property amenities
include on-site management, a leasing office, laundry facilities, reserved parking, and a park and playground for tenants' use.
Since its reconstruction, the property has been exceptionally well-kept and consistently boasts high occupancy, all while operating at a very efficient rate.
This investment opportunity offers immediate cash flow, with the upside of increasing rents, providing investors with both stability and growth potential.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.75 AC |
| No. Units | 119 | Building Size | 84,959 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1974/2018 |
| Building Class | C | Parking Ratio | 1.42/1,000 SF |
| Zoning | None - Unrestricted | ||
| Sale Type | Investment |
| No. Units | 119 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.75 AC |
| Building Size | 84,959 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2018 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | None - Unrestricted |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Laundry Facilities
- Playground
- Online Services
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 77 | - | 673 |
| 2+1 | 42 | - | 789 |
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PROPERTY TAXES
| Parcel Number | 1153540000003 | Improvements Assessment | $9,303,773 CAD |
| Land Assessment | $335,868 CAD | Total Assessment | $9,639,641 CAD |
PROPERTY TAXES
Parcel Number
1153540000003
Land Assessment
$335,868 CAD
Improvements Assessment
$9,303,773 CAD
Total Assessment
$9,639,641 CAD
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Forest Palm Apartments | 815 Autumnwood Dr
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