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12221 Fleming Dr
Houston, TX 77013
The Park at Vittoria · Multifamily Property For Sale
·
248 Units
PROPERTY FACTS
| No. Units | 248 | Building Size | 224,426 SF |
| Property Type | Multifamily | Average Occupancy | 78% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1971/2019 |
| Building Class | C | Parking Ratio | 1.9/1,000 SF |
| Lot Size | 13.61 AC | ||
| Zoning | None | ||
| No. Units | 248 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 13.61 AC |
| Building Size | 224,426 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2019 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | None |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Ice Maker
- Oven
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- Clubhouse
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Recycling
ABOUT 12221 FLEMING DR , HOUSTON, TX 77013
Greystone National Apartment Advisors is pleased to offer Yorkshire Village, a 248-unit multifamily opportunity in the I-10 East/ Woodforest/ Channelview submarket of Houston, Texas. -Excellent value-add opportunity through improved management and upgrades to the exterior and interior of the units. -Current Rents appear to be approximately 20% below Market. -All of the downstairs units have been completely renovated by the Seller since 2017. The Property does not appear to be in the 100-year Flood Plain. -Property does not have an existing Marketing Service Agreeement with a Cable Company, allowing new Buyer to negotiate a door fee and ongoing revenue sharing program. -The existing Laundry contract expires 9/3/2019. The Property has received very little revenue from this poorly negotiated agreement which heavily favors the equipment provider (First $1.02/ machine/ day to equipment provider, then 60% to Property). A contract with $0 daily rental fee and upwards of 65% of every dollar paid to the Property could be put in place by the new Buyer in September 2019. -Property is set up for submetering. -Minutes from the Pasdadena refineries (including the BP Houston Chemicals and Valero Houston) and the Houston Ship Channel. -Attractive unit mix of one, two, three and four-bedroom units, ideal for family demographics and low potential turnover. -Available “All Cash”
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 94 | $600.00 | 640 |
| 2+1 | 40 | $700.00 | 850 |
| 3+2 | 40 | $780.00 | 1,050 |
| 4+2 | 74 | $905.00 | 1,150 |
PROPERTY TAXES
| Parcel Number | 0432110000037 | Improvements Assessment | $13,551,416 |
| Land Assessment | $1,334,043 | Total Assessment | $14,885,459 |
PROPERTY TAXES
