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Verandas at Bear Creek 5455 Timber Creek Place Dr 160 Unit Apartment Building For Sale Houston, TX 77084
Executive Summary
Verandas at Bear Creek offers the opportunity to acquire a 160-unit garden-style multifamily community in the established and supply-constrained Bear Creek/Copperfield submarket of West Houston.
Strategically located near I-10 and Highway 6, the property provides direct access to the Energy Corridor and benefits from strong surrounding demographics and durable renter demand. Recent capital improvements exceeding $1.5 million have enhanced the asset, while in-place rents remain below market, presenting a clear path to revenue growth. Offered at an attractive basis relative to replacement cost, Verandas at Bear Creek presents a compelling value-add or core-plus investment with both stability and upside.
Strategically located near I-10 and Highway 6, the property provides direct access to the Energy Corridor and benefits from strong surrounding demographics and durable renter demand. Recent capital improvements exceeding $1.5 million have enhanced the asset, while in-place rents remain below market, presenting a clear path to revenue growth. Offered at an attractive basis relative to replacement cost, Verandas at Bear Creek presents a compelling value-add or core-plus investment with both stability and upside.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 4.52 AC |
| No. Units | 160 | Building Size | 140,861 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1982 |
| Building Class | C | Parking Ratio | 1.91/1,000 SF |
| Zoning | MFR | ||
| Sale Type | Investment |
| No. Units | 160 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.52 AC |
| Building Size | 140,861 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | MFR |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- Laundry Facilities
- Pool
- Property Manager on Site
- Walking/Biking Trails
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 88 | - | 535 - 664 |
| 2+1 | 16 | - | 748 |
| 2+2 | 56 | - | 864 |
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Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1151370000017 | Improvements Assessment | $13,621,291 |
| Land Assessment | $1,574,776 | Total Assessment | $15,196,067 |
Property Taxes
Parcel Number
1151370000017
Land Assessment
$1,574,776
Improvements Assessment
$13,621,291
Total Assessment
$15,196,067
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Verandas at Bear Creek | 5455 Timber Creek Place Dr
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