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Houston Multifamily Portfolio

5 Multifamily Properties Offered at $433,447,206 CAD in Houston, TX

Virtual Tour

Investment Highlights

  • Five multifamily properties with management teams at 93% to 95% occupancy boasting a total of 1,562 units priced at $124,199 per unit.
  • Properties located in desirable, low-crime neighborhoods with easy access to shopping, dining, and major roadways, ideal for commuting professionals.
  • Optimistic appreciation outlook from Houston’s strong job market and population growth, making this attractive to stable investors.
  • Each complex boasts updated amenities like pools, fitness centers, and playgrounds, enhancing residents' lifestyle and engagement.
  • Features studios to four-bedroom units with family-friendly amenities and proximity to great schools and employers, appealing to long-term renters.
  • Each community showcases contemporary designs and well-maintained interiors, minimizing the need to implement capital improvements.

Executive Summary

Dominate the Houston multifamily landscaped by acquiring this collection of updated apartment communities located in abounding areas throughout the metro area. The portfolio comprises 1,562 units in total, with an asking price of $192,500 per unit. Occupancy rates range from 92% to 95%, with quality tenants and excellent management teams in place.

Casa Del Mar Apartments at 2431 FM 1960 W is situated in the thriving Northwest Houston area, an established community known for its accessibility and family-friendly environment. The 354-unit complex covers 265,726 square feet across 40 two-story buildings. The property offers five floor plans with one- to two-bedroom options. Key amenities include balconies, a clubhouse, a fitness center, a pool, and a playground. The surrounding area features a diverse demographic with a mix of professionals, families, and students and is close to dining, shopping, and entertainment options. Buena Vista Apartments, another property in this portfolio, is situated next door.

Buena Vista Apartments at 2402 Bammelwood Drive is a 24-building, 227,686-square-foot community featuring 226 units with one- to three-bedroom layouts. This complex is in Northwest Houston, adjacent to Casa Del Mar Apartments, which is also a part of this portfolio. The neighborhood is a mix of long-term residents and newcomers, with a strong demand for rental properties. A pool, playground, and clubhouse are some of the amenities that make this an attractive living environment. The area offers easy access to shopping, dining, and recreational activities, further enhancing its desirability.

Providence at Memorial at 1370 Afton Street spans 352,504 square feet and consists of 326 units across 34 two-story buildings. Located in the Spring Branch East neighborhood and the Memorial City area, this property has strong access to major roadways, including Interstate 10, Highway 290, and Loop 610. The area has a diverse population, including young professionals and families, that are ideal resident pools for the one- to four-bedroom floor plans. It is outfitted with desirable amenities, such as two swimming pools, a 24-hour fitness center, and a business center. The proximity to Memorial, as well as major employers in the area, enhances the property’s appeal.

Sedona Pointe Apartments at 311 Highland Cross Drive comprises 352 units totaling 240,656 square feet across 36 two-story buildings. Located in the Cypresswood and Highland Cross area, this community is just south of The Woodlands and minutes from George Bush Intercontinental Airport. The complex offers studio, one-, and two-bedroom apartments with modern interiors. Community amenities include a pool, business center, playground, and gated access, appealing to residents seeking convenience and comfort.

The Diamond Hill at Westheimer at 9411 Westheimer Road is a 304-unit community at over 267,800 square feet in three three-story buildings. Situated in the Woodlake-Briar Meadow area, this property offers excellent access to the Uptown/Galleria and Memorial City areas. The complex features one- and two-bedroom units with upscale interiors and community amenities such as a large pool, fitness center, and business center. The demographic in this area is diverse, with a mix of renters who value convenience and quality living spaces close to major employment hubs and shopping centers.

Property Facts

Price $433,447,206 CAD
Price / SF $320.04 CAD / SF
Sale Conditions 1031 Exchange
Cap Rate 5%
Sale Type Investment
Status Active
Number of Properties 5
Individually For Sale 0
Total Building Size 1,354,372 SF
Total Land Area 52.39 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Casa Del Mar
2431 FM 1960 W, Houston, TX 77068
Multifamily 265,726 SF 1975 -
Buena Vista Apartments
2402 Bammelwood Dr, Houston, TX 77014
Multifamily 227,686 SF 1980 -
Providence At Memorial
1370 Afton St, Houston, TX 77055
Multifamily 352,504 SF 1971 -
Sedona Pointe
311 Highland Cross Dr, Houston, TX 77073
Multifamily 240,656 SF 1979 -
The Diamond Hill at Westheimer
9411 Westheimer Rd, Houston, TX 77063
Multifamily 267,800 SF 1968 -
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  • Listing ID: 33222143

  • Date on Market: 2024-09-18

  • Last Updated:

  • Address: Houston Multifamily Portfolio, Houston, TX

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