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The Grove at Oak Forest 2527 Judiway St 36 Unit Apartment Building For Sale Houston, TX 77018
Investment Highlights
- Excellent Location in Houston's Oak Forest Neighborhood
- Strong Site Demographics
- Stabilized Class A SFR Community
Executive Summary
• Excellent Location in Houston's Oak Forest Neighborhood
o Minutes from The Heights, Spring Branch, and Galleria/Uptown
o Immediate access to the White Oak Hike and Bike Trails
• Stabilized Class A SFR Community
o 97% Leased
o 100% 3BR / 2.5BA
• Strong Site Demographics
o Average HHI of $133k (3 miles)
o Average Home Value of $438k (3 miles)
• Offered at a Discount to Individual Single Family Sales
• Opportunity to Push Rents in Line with the Competitive Set
o Minutes from The Heights, Spring Branch, and Galleria/Uptown
o Immediate access to the White Oak Hike and Bike Trails
• Stabilized Class A SFR Community
o 97% Leased
o 100% 3BR / 2.5BA
• Strong Site Demographics
o Average HHI of $133k (3 miles)
o Average Home Value of $438k (3 miles)
• Offered at a Discount to Individual Single Family Sales
• Opportunity to Push Rents in Line with the Competitive Set
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 2.41 AC |
| No. Units | 36 | Building Size | 66,500 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2021 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.41 AC |
| Building Size | 66,500 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 2021 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Patio
Site Amenities
- 24 Hour Access
- Recycling
- Maintenance on site
- Online Services
- Key Fob Entry
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 36 | - | 1,236 - 1,894 |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $13,625,507 | |
| Land Assessment | $6,621,493 | Total Assessment | $20,247,000 |
Property Taxes
Parcel Numbers
Land Assessment
$6,621,493
Improvements Assessment
$13,625,507
Total Assessment
$20,247,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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The Grove at Oak Forest | 2527 Judiway St
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