This Multifamily Property is Off-Market.

5015 Louetta Rd.
Spring, TX 77379 ·

300 Units · Multifamily For Sale

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Villages at Louetta

Price N/A Property Use Type Investment
No. Units 300 Cap Rate 6.20%
Building Size 255,648 SF No. Stories 3
Property Type Multifamily Year Built 2004
Property Sub-type Garden/Low-Rise Lot Size 12.64 AC
Listing ID: 14482948 Date Created: 01/30/2006 Last Updated: 09/28/2006

Description

The projects consists of 18 garden style, 2 and 3 story buildings w/brick & wood siding exteriors, pitched composition roofing w/ gutters and downspouts, concrete driveways, covered parking & 30 separate garages in a wooded, landscaped setting. Tenant amenities include a resident business center, clubhouse complete with kitchen, separate fitness center, and a Clothes Care Center with separate waiting area complete with pool table and indoor/outdoor seating, resort style pool with cabana,as well as a separate 6,000 sq. ft. On-site day care facility with outside play equipment. There are also several outdoor seating areas, park benches and barbeque grills. Residents at The Villages at Louetta can choose from 5 different one, two and three bedroom floor plans with a variety of features including: 9 foot ceilings, built-in bookshelves*, high speed internet connections, ceiling fans in all rooms with lighting, built-in computer desks in all bedrooms, walk-in closets, frost-free refrigerators w/ice makers, microwave ovens, washer/dryer connections in all units, outside storage areas, patios and/or balcony s, mini-blinds, multi-cycle dishwashers &separate electric hot water heaters

The Villages is located less than 5 minutes west of IH-45 with great visibility from either Kuykendahl or Louetta Roads. The property is zoned to the prestigious Klein School District and is easily accessible to many fine retail and dining establishments that are within a short distance of the property. The property is just south of The Woodlands and a few minutes drive time north of Intercontinental Airport. The Villages at Louetta consists of 300 luxury style apartment homes completed in May, 2005 on a 12.64 acre parcel of land on Louetta Road near Kuykendahl Road.

Highlights

  • Available ALL CASH/New Financing
  • Fully Leased Property with On-Site Day Care Center
  • Low Density with Open Lanscaped Green Areas
  • The Woodlands, I-45, and Intercontinal Aiport
  • Property Has Garages, Carports and W/D Connections in All Units
  • Motivated Seller

Research

5015 Louetta Rd., Spring, TX 77379 (Harris County)

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