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- LoopNet Team
12603 Telge Rd
Cypress, TX 77429
Starwood Farms Townhomes · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- This multi-family property has great entry and access to the new highway 290 and the highway 99 corridor.
- Building is located in one of the fastest growing area in Houston.
- Phases 1-4 are sold out and under construction. Fourplexes in phase 5 are availble and ready to start construction in April/May 2020.
- Property offers amenities like a community pool, walking trails, and private driveway for each unit.
- This property is located in a thriving residential area with a reported 25,935 households in a 3 mile radius.
PROPERTY FACTS
| No. Units | 4 | Lot Size | 18.34 AC |
| Property Type | Multifamily | Building Size | 539,578 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built | 2020 |
| Building Class | C | Parking Ratio | 0.15/1,000 SF |
| Zoning | None | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 18.34 AC |
| Building Size | 539,578 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Parking Ratio | 0.15/1,000 SF |
| Zoning | None |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Breakfast Nook
- Double Pane Windows
- Family Room
- Freezer
- Linen Closet
SITE AMENITIES
- Clubhouse
- Courtyard
- Fitness Center
- Playground
- Pool
- Property Manager on Site
ABOUT 12603 TELGE RD , CYPRESS, TX 77429
Northwest Houston continues to be one of the fastest-growing areas not only in Houston, but in the country. With the completion of the Grand Parkway Tollway (Highway 99), growth is accelerating. Exxon Mobil, Baker Hughes, and a host of other companies have poured into the area. Long-term, Northwest Houston is poised to benefit from many of the factors that led to the strong growth earlier this cycle: People want to be in north Houston for the schools, jobs, affordability, and quality of life, and that isn't likely to change anytime soon. In the near term, a slowdown in multi family construction should allow fundamentals to tighten and vacancies to lower. Oil also being consistently above the $60/barrel level has been good for Houston, with jobs and people returning. However, Houston is now quite diverse in employment and does not depend exclusively on oil. Job growth in services, medical, and transportation just to name a few has been substantial. FIG Starwood Farms is poised to profit in Northwest Houston's path of progress.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 4 | $1,750 | 1,688 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $594,281 | |
| Land Assessment | $225,428 | Total Assessment | $819,709 |
PROPERTY TAXES
