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Glenview Apartments 8311 Winkler Rd

202 Unit Apartment Building For Sale Houston, TX 77017

Investment Highlights

  • All Cash or New Loan
  • Six Complete Upgraded Units get $200/Month Bump
  • Excellent Upside Potential
  • Value Add Opportunity

Executive Summary

The Glenview Apartments is a two story garden style apartment community located in the U of H/I-45 South submarket of SE Houston, TX in the Meadowbrook-Allendale neighborhood. The "All Bills Paid" asset was constructed in 1955 and per HCAD, underwent some renovation.
Prime Location: Situated in SE Houston, offering easy access to major highways I-45 and Loop 610.
Excellent Connectivity: Only minutes from William P. Hobby Airport, enhancing travel convenience.
High Occupancy Rate: Currently 94% occupied; preleased to 96%, reflecting strong tenant demand.
Versatile Unit Options: 202 units with floor plans ranging from efficiencies to 4-bedroom units.
All Bills Paid Model: Individually metered units; however ABP is popular for current tenant profile, simplifying living expenses and boosting appeal.
Upgraded Units with Premium Rent: Six units remodeled for a $200/month rent increase; 10 units with upgraded flooring offer a $50 increase.
Additional Income Opportunities:
Increase reserved parking income
Charge monthly pet fees
Add covered parking
Potential to add washer/dryer connections
Foundation in place for future storage or additional units
No laundry service contract
Valet trash service
Cost-Effective Utilities: Water-saving upgrades can further reduce water expenses by 50%.
Well-Maintained Infrastructure: Recent stairwell replacements, updated boilers, and 14-year old roofs.
Secure Community: 32 surveillance cameras enhance safety and peace of mind.  Gated parking and off-street parking available to tenants. 
Strong Rental Market: Located in a rapidly growing area with rising rental rates, enhancing investment value.
Financial Upside: Value-add opportunities, including continued upgrades and operational efficiencies.
Habitability Certification: Recently passed habitability inspections, ensuring compliance and tenant satisfaction.
Attractive Investment Potential: Market-proven rental income with future growth potential in Houston’s expanding economy.

Property Facts

Sale Type Investment
No. Units 202
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 5.68 AC
Building Size 189,393 SF
No. Stories 2
Year Built 1955
Parking Ratio 1.54/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Storage Space
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Walk-In Closets
  • Carpet

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Gated
  • Grill

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 4 - 520
1+1 141 - 585 - 681
2+1 22 - 829
2+1.5 27 - 865
2+2 4 - 900
3+2 3 - 1,026
4+3.5 2 - 1,088
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0591840170001
Land Assessment
$1,736,234 CAD
Improvements Assessment
$17,966,901 CAD
Total Assessment
$19,703,135 CAD
  • Listing ID: 33565416

  • Date on Market: 2024-10-18

  • Last Updated:

  • Address: 8311 Winkler Rd, Houston, TX 77017

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