3125 Crestdale Dr | Houston, TX 77080
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- LoopNet Team
3125 Crestdale Dr
Houston, TX 77080
Waterford Grove · Multifamily Property For Sale
·
587 Units
INVESTMENT HIGHLIGHTS
- 587-unit multifamily asset located in dynamic Spring Branch, a sub-market of Houston that features strong fundamentals of 9% annualized growth.
- Lease trade outs averaging 5.1% on last 50 leases signed; Current rents per square foot 13-22% below competitive set.
- Adjacent to major West Houston economic hubs such as the Energy Corridor, Memorial City, and the Galleria.
- Significant revenue generation potential through proven unit enhancement program yielding minimum $175 per unit monthly premiums.
- Spring Branch Management District budgeted $54mm from 2016-2030 for several public infrastructure projects.
PROPERTY FACTS
| No. Units | 587 | Building Size | 802,913 SF |
| Property Type | Multifamily | Average Occupancy | 83% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1973/2020 |
| Building Class | C | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 27.11 AC | ||
| Zoning | Multifamily - Multifamily | ||
| No. Units | 587 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 27.11 AC |
| Building Size | 802,913 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2020 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | Multifamily - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Den
- Dining Room
- Vinyl Flooring
SITE AMENITIES
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Tennis Court
- Gated
- Volleyball Court
- Storage Space
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 82 | $849.50 | 662 - 692 |
| 2+1 | 32 | $997.50 | 900 |
| 2+2 | 104 | $1,150 | 1,011 - 1,080 |
| 2+2.5 | 53 | $1,208 | 1,150 |
| 3+2 | 194 | $1,277 | 1,220 - 1,354 |
| 3+2.5 | 74 | $1,365 | 1,450 - 1,500 |
| 4+2 | 48 | $1,575 | 1,600 |
PROPERTY TAXES
| Parcel Number | 0432220000100 | Improvements Assessment | $41,010,972 |
| Land Assessment | $7,085,040 | Total Assessment | $48,096,012 |
PROPERTY TAXES
Parcel Number
0432220000100
Land Assessment
$7,085,040
Improvements Assessment
$41,010,972
Total Assessment
$48,096,012
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