This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1651-1655 Witte Rd
Houston, TX 77080
Witte Oaks Apartments · Multifamily Property For Sale
·
124 Units
PROPERTY FACTS
| No. Units | 124 | Building Size | 104,778 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Lot Size | 3.18 AC | ||
| Zoning | N/Ap, Houston | ||
| No. Units | 124 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.18 AC |
| Building Size | 104,778 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | N/Ap, Houston |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Ceiling Fans
- Refrigerator
- Walk-In Closets
- Patio
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Playground
- Maintenance on site
ABOUT 1651-1655 WITTE RD , HOUSTON, TX 77080
Witte Oaks is a 124 unit, garden style complex, well located in the Spring Branch area of northwest Houston, just minutes from I-10, Beltway 8 and convenient to major shopping at Memorial City Mall as well as other retail shops and centers. Constructed in 1964, the property appears to be to good condition and provides a pool, a fitness center, storage areas, playgrounds and laundry rooms. Residents enjoy cable ready units, walk-in closets, mini-blinds, ceiling fans, washer/dryers and patios/balconies. Per owner, 10 units are individually metered with individual HVAC and the rest of the property is master metered/chilled water. Approximately $500,000 was spent in rehab during 2016 and 2017, per owner. Upgrades include extensive work to the chiller and exterior paint. 8 units were upgraded; these units bring $150/month increased rents, per management. There was a lock box on the property for cash management but this has been resolved. Most properties in Spring Branch run 94%+ occupancy. It is assumed by the Broker that performance will continue to increase, particularly with a rehab and upgrade program. Property hit 100% occupancy as of 11/24/17! Perhaps it is time to cancel concessions! Note: 14 units are individually metered for electricity, the rest are master metered.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 42 | - | 648 |
| 2+1 | 14 | - | 975 |
| 2+2 | 68 | - | 1,015 |
PROPERTY TAXES
| Parcel Number | 0583040000054 | Improvements Assessment | $6,064,418 |
| Land Assessment | $2,496,510 | Total Assessment | $8,560,928 |
PROPERTY TAXES
