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
16844 Sugar Pine Dr
Houston, TX 77090
Sugar Pine Apartments · Multifamily Property For Sale
·
96 Units
Investment Highlights
- Under construction. Photos to be updated as construction progresses.
- Unit Mix: 24 Units; 3 B/2.5 Bath 24 Units; 2 B/2.5 Bath, 48 units; 2 B/2 Bath.
- All around family style apartment complex. Located across Helen Major Elementary.
Property Facts
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Stainless Steel Appliances
- Walk-In Closets
- Carpet
- Coffee System
- Dining Room
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Playground
- Pool
- Walking/Biking Trails
About 16844 SUGAR PINE DR , HOUSTON, TX 77090
Crown Apartments is located on 16844 Sugar Pine Dr . This project is a class B garden style, 96 unit ground up multi-family development built in 2021 with an expected delivery date of May 2021 (Phase 1). Phase 1 sits on 6 Acres with a GBA of 118,000 SF. Phase 2 is proposed for the remaining 3 acres on the side closer to FM 1960. Owner is willing to seller finance a deal with 30 % down, owner is also willing to discuss the sale of the final 3 acres for Phase 2. The current rents & vacancy rates in the area are strong indicators that the units can be rented for between $1,450-$1,710 with little trouble in the lease up phase. We anticipate the rent can be higher than suggested due to very few apartments with a comparable unit mix available (most are fully leased or not offered). The unit mix planned is attractive for growing families as well as families with children.. With the Covid-19 pandemic, many have permanently shifted into the suburbs due to work from home orders, as well as downsizing due to financial strain, this project will be a great home to people in these situations. Units amenities include: Balcony, Cable Ready, Dishwasher, Disposal, Ceiling Fans, Stainless Steel Kitchen Appliances, In Unit Heating, Eat-in kitchen, Walk-in closet, Carpet, Coffee System, Dining Room, Walking Trail, Playground, Pool and Gazebo.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 24 | $1,725 | - |
| 2+2 | 72 | $1,525 | - |
Property Taxes
| Parcel Number | 1313320010001 | Improvements Assessment | $9,306 |
| Land Assessment | $19,481 | Total Assessment | $28,787 |
Property Taxes
