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7100 Smiling Wood Ln
Houston, TX 77086
Park at Willowbrook · Multifamily Property For Sale · 229 Units

INVESTMENT HIGHLIGHTS

  • Built in 1984 and Renovated in 2012/2013
  • Rental Income Increased Sharply Post Renovation
  • $1,825,000+ in Renovation Spent by Owner

PROPERTY FACTS

No. Units 229
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 8.00 AC
Building Size 176,885 SF
Average Occupancy 90%
No. Stories 2
Year Built/Renovated 1984/2015
Parking Ratio 1.41/1,000 SF
Zoning None

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Fireplace
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • Clubhouse
  • Laundry Facilities
  • Pool
  • Security System
  • Spa

ABOUT 7100 SMILING WOOD LN , HOUSTON, TX 77086

The Park at Willowbrook Apartments is a two story, garden-style, apartment community located in the Inwood/Hwy 249 submarket of NW Houston built in 1984 and renovated in 2012-13. Residents enjoy ample amenities which include: mini-blinds, well appointed kitchens, vaulted ceilings*, ceiling fans, laundry facilities, patios and balconies, walk-in closets, wood burning fireplaces* washer/dryer connections, a beautiful swimming pool, a gazebo and a clubhouse. Upgraded units have granite countertops and wood flooring. *In select units. Located off a quiet road and surrounded by open green space, Park at Willowbrook is a private, gated community offering a peaceful setting in highly desirable North Houston, Texas. Not far from Park at Willowbrook, there are shops, restaurants, and businesses that line Tomball Parkway. Also close by is Willowbrook Mall, Greenspoint Mall, and the Sam Houston Race Park. Conveniently located near Sam Houston Parkway, the Park at Willowbrook is just minutes from Downtown Houston and George Bush Intercontinental Airport. The Park at Willowbrook provides a variety of one- and two-bedroom floor plans. Every floor plan includes large closets, vaulted ceilings, and open living spaces. Apartments at the Park at Willowbrook also offer large patios and balconies with outdoor storage space. the large 1,039 square foot two-bedroom, two-bath unit includes a bathroom with dressing area and a huge walk-in closet. The second bedroom also has a walk-in closet and private access to a Jack-and-Jill style bath. The galley-style kitchen opens to the dining room and includes a pantry. A laundry closet includes washer/dryer connections. This floor plan includes a fireplace and a spacious balcony with storage closet. The one-bedroom, one-bath apartment offers 698 square feet of living space. It has a large bedroom with walk-in closet, an entryway with coat closet, a dining area located off the galley-style kitchen, a utility room with washer/dryer connections, and a large balcony with storage space located off the living room. Per owner, 130 units have been upgraded. Level 1- 1bedroom - 13- $75 premium; Level 1 - 2 bedroom - 3 - $85 premium; Level 1.5 - 1x1 - $90 premium; Level 1.5 - 2 bedroom - $100 premium, Level 1 - 1x1 - 58 - $110 premium; Level 2 - 2 bedroom - 35 - $125 premium; Level 2 plus - 2x2 - 2 - $160 premium. Additional premiums-  $25 for first floor on 115 units, $25 pool view premium on 13 units. Available either on assumption or with a new loan. Greater rents could be attained with a 100% upgrade. There is an RTC LURA in place which covers 51 units; 32 at Very Low Income and 19 at Low Income. See LURA Rent Limits . Video Tour: https://vimeo.com/400823515 Video Tour: https://vimeo.com/400972269

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1153920000010
Land Assessment
$1,742,400
Improvements Assessment
$17,696,600
Total Assessment
$19,439,000
  • Listing ID: 18092872

  • Date on Market: 1/6/2020

  • Last Updated:

  • Address: 7100 Smiling Wood Ln, Houston, TX 77086

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