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Reserve at Richards 23286 Richards Rd 494 Unit Apartment Building For Sale Prairie View, TX 77445
EXECUTIVE SUMMARY
The adjacent Reserve at Richards Apartments at 23286 Richards Rd. is a 19-buildings and club house, 561,488-square-foot community featuring 494 units with studio- one- to two-bedroom layouts. This complex is in northwest of Houston at Waller County, adjacent to Panther Hill Apartments, which is also a part of this portfolio. The neighborhood is a mix of long-term residents and newcomers, with a strong demand for rental properties surrounded by big manufacturing companies like Daikin (10,000 employee) Bell IceCream and more... A pool, basketball court, dog park, and clubhouse are some of the amenities that make this an attractive living environment. The area offers easy access to shopping, dining, and recreational activities, further enhancing its desirability.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 8.72 AC |
| No. Units | 494 | Building Size | 561,488 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2021 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 494 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 8.72 AC |
| Building Size | 561,488 SF |
| Average Occupancy | 90% |
| No. Stories | 4 |
| Year Built | 2021 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Playground
- Pool
- Gameroom
- Grill
- Community-Wide WiFi
- Study Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 76 | - | 250 |
| 1+1 | 38 | - | 362 - 420 |
| 1+1 | 38 | - | 396 |
| 1+1 | 76 | - | 420 |
| 2+2 | 152 | - | 621 |
| 2+2 | 38 | - | 740 |
| 2+2 | 76 | - | 762 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $37,341,110 | |
| Land Assessment | $1,708,890 | Total Assessment | $39,050,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,708,890
Improvements Assessment
$37,341,110
Total Assessment
$39,050,000
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SKYLAND GROUP INC
Reserve at Richards | 23286 Richards Rd
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