18620 Louetta Creek Dr | Spring, TX 77388
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18620 Louetta Creek Dr
Spring, TX 77388
Louetta Creek · Multifamily Property For Sale
·
44 Units
Investment Highlights
- 44 unit, newly constructed duplex community in Spring, TX, just 26 miles north of Houston, TX.
- The property is in the highly rated Klein ISD (Rated 89/100 by the Texas Education Agency).
- Boost income with new valet trash and internet charges started by the current owner.
- Located off I-45 with access to shopping, entertainment, and the major job centers of Houston and the Woodlands.
- Opportunity to increase rents with the in place rents 18% below the competitive set.
- Monthly rents are a $1,221 discount to the cost of ownership in the area, which equates to a staggering 58% discount.
Property Facts
| No. Units | 44 | Building Size | 91,806 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Single-Family Home | Year Built | 2022 |
| Building Class | B | Parking Ratio | 1.05/1,000 SF |
| Lot Size | 4.10 AC |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 4.10 AC |
| Building Size | 91,806 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 1.05/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Walking/Biking Trails
- Maintenance on site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 22 | - | 1,715 |
| 4+3 | 22 | - | 2,146 |
Property Taxes
| Parcel Number | 1391000010001 | Improvements Assessment | $10,959,464 |
| Land Assessment | $2,140,536 | Total Assessment | $13,100,000 |
Property Taxes
Parcel Number
1391000010001
Land Assessment
$2,140,536
Improvements Assessment
$10,959,464
Total Assessment
$13,100,000
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