Historical Multifamily Sale Listing - The Forest

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The Forest

22820 Imperial Valley Drive, Houston, TX 77073

N/A

192 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
192
Building Size:
140,440 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
1.72%
Year Built:
1979
Lot Size:
5.67 AC
Listing ID
16584673
Last Updated
over 1 year ago

Highlights

  • Huge Upside in Increasing Occupancy
  • Property Renovated in 2006
  • Close to George Bush Intercontinental Airport
  • Located Near Interstate 45
  • Lender Sale

Description

The Forest Apartments represents an opportunity for an investor to acquire a 192 unit Class "B" apartment community located in Houston, Texas. The two-story garden-style property was built in 1979 and renovated in 2006. The property features a pitched composition shingle roof, an asphalt parking surface, and a brick and HardiePlank exterior.

Common area amenities at the property include a sparkling swimming pool, convenient laundry facility, and gated access. The unit amenities include a frost-free refrigerator, dishwasher, disposal, ceiling fans, patio/balcony, mini-blinds, walk-in closets, and high-speed internet capability.

The property features one-, two- and three-bedroom units with five floor plan designs ranging from 515 square feet to 1,180 square feet in size. All apartments include individual ground-mounted HVAC units and residents pay for electricity and gas, and are on a billback system for water expense.

The property is in the Aldine School District. Residents attend Dunn Elementary School, Parker Intermediate School, Teague Middle School, and Nimitz High School.

Map of 22820 Imperial Valley Drive, Houston, TX 77073 (Harris County)

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