Townhomes of Bear Creek 15357 W Little York Rd 54 Unit Apartment Building $14,750,000 ($273,148/Unit) 5.24% Cap Rate Houston, TX 77084

This extraordinary investment opportunity is in one of the most sought after, high­ growth areas in Northwest Houston, Texas. Located near major highways, including US 1-10, US 290, Texas Highway 6, and Sam Houston Toll Road (Beltway 8), this property is effortlessly connected to the heart of Houston and beyond. The property consists of three buildings: One building fronts on West Little York Road and the other two buildings front on Baxter Avenue. The property is surrounded by essential establishments, including shopping centers, malls, schools, hospitals, medical facilities, office buildings, restaurants, and retail outlets. Its location guarantees convenience and a superior quality of life for future residents.
Added benefit 54 town home each have a meet and bounds description on the plat.
This property also has great development opportunities offering a 54-unit townhouse apartment complex with 98% occupancy and has an annual income of $772,445. Each townhouse apartment has its own plated metes and bounds description. The expansive property is ideal for remodeling, and, or constructing a state-of-the-art high-rise condominium or apartment complex. Located in what is known as The Texas Triangle just outside of Houston with a metro population of 7,122,240, according to the U. S. Census. There is a robust demand for housing, making this property a lucrative opportunity for investment.