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22820 Imperial Valley Drive, Houston, TX 77073
192 Units | Multifamily
Multifamily Property - Off Market
- No. Units:
- Building Size:
- 140,440 SF
- Property Type:
- Property Sub-type:
- Property Use Type:
- Cap Rate:
- Year Built:
- Lot Size:
- 5.67 AC
- Listing ID
- Last Updated
- over 1 year ago
- Huge Upside in Increasing Occupancy
- Property Renovated in 2006
- Close to George Bush Intercontinental Airport
- Located Near Interstate 45
- Lender Sale
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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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