22820 Imperial Valley Drive
Houston, TX 77073 ·
192 Units · Multifamily For Sale
|Price||N/A||Property Use Type||Investment|
|No. Units||192||Cap Rate||1.72%|
|Building Size||140,440 SF||Year Built||1979|
|Property Type||Multifamily||Lot Size||5.67 AC|
|Listing ID: 16584673||Date Created: 02/23/2010||Last Updated: 12/08/2010|
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.
- Huge Upside in Increasing Occupancy
- Property Renovated in 2006
- Close to George Bush Intercontinental Airport
- Located Near Interstate 45
- Lender Sale
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