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Renwick Apartments 6768 Renwick Dr 64 Unit Apartment Building For Sale Houston, TX 77081
Investment Highlights
- Offer All Cash or New Loan
- Stand alone office onsite can be converted into an income producing unit
- Completed $880,000 capex from 2022 thru present
- This is an All Bills Paid property
- No onsite laundry room, however; there is plenty of room to add a 4 to 5 washer/dryer setup in the storage closet next to the boiler room
- Value-add asset
Executive Summary
Renwick Apartments is a 1963 vintage, 64 unit, garden-style apartment community located in southwest Houston. The property was renovated in 2020 and a new chiller was installed in 2024. The property is an All Bills Paid property.
Residents enjoy amenities such as ceiling fans and kitchens with pantries. Other amenities include a breakfast bar in select units, cable ready, central air and heat, mini blinds, refrigerator and tile floors in select units.
Currently there is no onsite laundry room, however; there is plenty of room to add a 4 to 5 washer/dryer setup in the storage closet next to the boiler room. There is a stand alone office onsite that can be converted in an incoming producing unit. Currently there is 1 full time maintenance worker onsite, however; there is no onsite management/leasing employee.
Renwick Apartments is within 6 minutes or 2.4 miles from Houston Christian University. It is also near Houston Baptist University and The Art Institute of Houston.
Capex completed from 2022 to current totaling $880,000.
Resurfaced asphalt parking lots and restriped
Exterior carpentry and exterior paint complete
Installed fencing as needed for site control
Completely replaced Chiller and heater core and repaired chiller plumbing system as needed as well as blower motors in all units
Renovated laundry room
Re-landscaped property as needed
Replaced all water heaters on property
Repaired all structural stairways and walkways as needed
All C of H occupancy and habitability issues cleared
Renovated the leasing office
Installed property wide Wi-Fi for resident use
Renovated 51/64 units including
New vinyl and ceramic flooring
New shower walls and tubs
New cabinet doors and paint
New or resurfaced countertops
New fit and fixtures
New toilets
Residents enjoy amenities such as ceiling fans and kitchens with pantries. Other amenities include a breakfast bar in select units, cable ready, central air and heat, mini blinds, refrigerator and tile floors in select units.
Currently there is no onsite laundry room, however; there is plenty of room to add a 4 to 5 washer/dryer setup in the storage closet next to the boiler room. There is a stand alone office onsite that can be converted in an incoming producing unit. Currently there is 1 full time maintenance worker onsite, however; there is no onsite management/leasing employee.
Renwick Apartments is within 6 minutes or 2.4 miles from Houston Christian University. It is also near Houston Baptist University and The Art Institute of Houston.
Capex completed from 2022 to current totaling $880,000.
Resurfaced asphalt parking lots and restriped
Exterior carpentry and exterior paint complete
Installed fencing as needed for site control
Completely replaced Chiller and heater core and repaired chiller plumbing system as needed as well as blower motors in all units
Renovated laundry room
Re-landscaped property as needed
Replaced all water heaters on property
Repaired all structural stairways and walkways as needed
All C of H occupancy and habitability issues cleared
Renovated the leasing office
Installed property wide Wi-Fi for resident use
Renovated 51/64 units including
New vinyl and ceramic flooring
New shower walls and tubs
New cabinet doors and paint
New or resurfaced countertops
New fit and fixtures
New toilets
Property Facts
| Sale Type | Investment | Building Size | 44,800 SF |
| No. Units | 64 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1963 |
| Apartment Style | Garden | Parking Ratio | 1.36/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.51 AC | ||
| Zoning | N/Ap, Houston | ||
| Sale Type | Investment |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.51 AC |
| Building Size | 44,800 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.36/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | N/Ap, Houston |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 48 | - | 650 |
| 2+1 | 16 | - | 850 |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 0370620030108 | Improvements Assessment | $2,533,456 |
| Land Assessment | $651,660 | Total Assessment | $3,185,116 |
Property Taxes
Parcel Number
0370620030108
Land Assessment
$651,660
Improvements Assessment
$2,533,456
Total Assessment
$3,185,116
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Renwick Apartments | 6768 Renwick Dr
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