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Louetta Creek Louetta Creek Dr 44 Unit Apartment Building For Sale Spring, TX 77388
INVESTMENT HIGHLIGHTS
- Unique opportunity to acquire a high-quality BFR property in the nation’s 4th largest city
- The community is fully built and stabilized with rent upside
- Limited supply of competitive rentals in market
- 44 units in a high-growth suburban location
- Demonstrated discount of rent vs. own
EXECUTIVE SUMMARY
Louetta Creek is a 22 building, 44 unit, single plat build-for-rent community in the Spring submarket of Houston,TX. This high growth market offer renters a best-in-class, single-family living experience with exceptional connectivity to nearby retail, entertainment, high quality schools, and employment drivers. The residences consist of 3-4 bedroom homes, with large floor plans (1,891 Avg SF), high end finishes and attached garages. The development is newly completed and now stabilized. The property offers investors a unique opportunity to acquire a build-for-rent community in one of Houston’s most desirable submarkets from highly reputable developer.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 4.09 AC |
| No. Units | 44 | Building Size | 91,806 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Single-Family Home | Year Built | 2022 |
| Building Class | B | Parking Ratio | 1.05/1,000 SF |
| Sale Type | Investment |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 4.09 AC |
| Building Size | 91,806 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 1.05/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Walking/Biking Trails
- Maintenance on site
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 22 | - | 1,715 |
| 4+3 | 22 | - | 2,146 |
Walk Score®
Very Walkable (71)
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Louetta Creek | Louetta Creek Dr
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