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218 Plaza Verde Dr - BK VERDE APARTMENTS 73 Unit Apartment Building Offered For Sale Houston, TX 77038



INVESTMENT HIGHLIGHTS
- ? Available on an All Cash or New Loan Basis
- ? Per Owner the Roofs Were Repaired/Replaced in 2023
- ? One of the units is used as an Office and is non revenue producing
- ? Approximately $1,862,985 Has been Expended for Renovations
- ? Excellent Employment Base in the North Houston Business District
EXECUTIVE SUMMARY
BK Verde is a 73 unit, 2-story, garden style apartment community located in the Greenspoint submarket of Northwest Houston. Note that one unit is used as an office currently. It is possible to rent this unit but it is non revenue now (see Unit Mix). The apartments are located in a quiet, residential neighborhood with surrounding wooded areas that are an appealing feature of the asset. Constructed in 1983, the property offers efficiencies and 1 and 2 bedroom units. The property is conveniently located at I-45 and Beltway 8 and has convenient access to the Houston Intercontinental Airport, Downtown and the Galleria. There are several fine dining and entertainment establishments located in the area.
There are 28 other units in the complex owned by this owner that will be available at a later time. These have been fire damaged and are either under repair or awaiting an insurance claim.
? Available on an All Cash or New Loan Basis
? Located in the Bush Airport region of North Houston
? Blue-Collar Profile
? Easy Access to I-45 and Beltway 8
? Close Proximity to Bush Intercontinental Airport
? Approximately $1,862,985 Has been Expended for Renovations
? Per Owner the Roofs Were Repaired/Replaced in 2023
? Minutes From the 1000 acre Pinto Business Park
? Excellent Employment Base in the North Houston Business District
? One of the units is used as an Office and is non revenue producing
There are 28 other units in the complex owned by this owner that will be available at a later time. These have been fire damaged and are either under repair or awaiting an insurance claim.
? Available on an All Cash or New Loan Basis
? Located in the Bush Airport region of North Houston
? Blue-Collar Profile
? Easy Access to I-45 and Beltway 8
? Close Proximity to Bush Intercontinental Airport
? Approximately $1,862,985 Has been Expended for Renovations
? Per Owner the Roofs Were Repaired/Replaced in 2023
? Minutes From the 1000 acre Pinto Business Park
? Excellent Employment Base in the North Houston Business District
? One of the units is used as an Office and is non revenue producing
PROPERTY FACTS
| Sale Type | Investment | Average Occupancy | 97% |
| No. Units | 73 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2025 |
| Building Size | 67,169 SF |
| Sale Type | Investment |
| No. Units | 73 |
| Property Type | Multifamily |
| Building Size | 67,169 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2025 |
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218 Plaza Verde Dr - BK VERDE APARTMENTS
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