Greenbriar Apt Complex 1947 Greenbriar Colony Dr 48 Unit Apartment Building $4,300,000 ($89,583/Unit) 8% Cap Rate Houston, TX 77032

Well-Maintained 48-Unit Asset:
Built in 1983, this garden-style apartment complex features durable brick and concrete construction, offering long-term structural stability and reduced capital expenditure risk.
Attractive Unit Mix with Spacious Layouts:
The property consists of well-sized units ranging from 635 to 1,152 square feet, appealing to a broad tenant base including families and working professionals.
Strong Occupancy History:
The asset maintains consistently high occupancy, reflecting healthy tenant demand and stable cash flow performance.
Individually Metered Utilities:
Each unit is separately metered for both electricity and water, enabling operational efficiency and lower owner expenses.
Rents at Market with Upside Potential:
Current rents are competitive with the local market, with room for incremental increases through strategic updates or amenity enhancements.
Abundant On-Site Parking:
The property provides ample parking for residents, a valued feature in suburban multifamily assets.
Located in a Quiet Residential Pocket:
Nestled in a quiet, family-oriented neighborhood, the property benefits from a low-density environment and close proximity to schools, parks, and major employment corridors. The property has several amenities that make living here very nice: access to HOA pool and Tennis Courts, easy access to highways, public, transportation, shopping, easy street parking, on-site parking, sidewalklined streets, and tree-lined streets:
Apartment Units Features:
-Central A/C & Heating
-Open Bar Kitchens with Oak Cabinets
-Washer and Dryer in units
-Large Walk-in Closets
-Balcony or Patio*
-Ceramic Floors