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El Mundo Park
8300 El Mundo, Houston, TX 77054
El Mundo Park Sign
N/A
192
167,440 SF
Multifamily
Garden/Low-Rise
Investment
88%
3
1989
5.92 AC
1.45 / 1,000 SF
-
Last Verified 7/7/2009
Listing ID 15811196
Highlights
Located on El Mundo Street direct access to the feeder road for the 610 Loop and less than one mile from Highway 288- Excellent curb appeal exhibited with gorgeous brick buildings, impeccable landscaping, dazzling waterscaping features
- Outstanding opportunity to purchase in one of the strongest inner loop sub-markets in Houston with highly favorable demographics
- Positioned less than two miles south of the Texas Medical Center with 73,600 employees, 108,150 students, and an area impact of $8 billion
- Proximate to Downtown Houston and points of interest such as Reliant Stadium, Hermann Park, the Museum District, and Rice University
- One of the most desirable multi-housing sub-markets in the city, consistently ranked among Houston' s leaders in several categories each quarter
Description
El Mundo Park is positioned in the world renowned Texas Medical Center. This sub-market is consistently ranked as one of Houston' s leaders in occupancy, rental rates, and net absorption. El Mundo Park' s in-fill location, access to premier employment, and the plentiful lifestyle amenities continually attract long-term renters by choice, young professionals, and empty nesters.
El Mundo Park offers immediate value creation opportunities through interior renovations and is available on an All Cash basis. Because it is unencumbered by existing financing, investors have the flexibility to pursue FNMA or Freddie Mac financing at a Loan-to-Value that suits their return objectives.
El Mundo Park is offered individually or as part of a 518-unit portfolio.
El Mundo Park is strategically positioned in the Medical Center sub-market with expeditious access to multiple freeways, inherently appealing to students, medical professionals, and distinguishing renters by choice. Over 73,600 professionals and 108,150 students commute to the Texas Medical Center, making it one of Houston' s largest employment and education centers. Additionally, the area' s proximity to Central Houston locales and points of interest such as Reliant Stadium, Hermann Park, the Museum District, and Rice University add to its allure. A testament to its outstanding in-fill location, healthy employment base, and enviable lifestyle amenities, the sub-market remains one of Houston' s most enduring popular and consistently strongest in terms of market fundamentals.
Map of 8300 El Mundo, Houston, TX 77054 (Harris County)
Created 7/21/2008
Additional Information for 8300 El Mundo Street, Houston, TX 77054
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P