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Casa Grande Apartments 8800 Gulf Fwy 62 Unit Apartment Building For Sale Houston, TX 77017
Investment Highlights
- Immediate access to I-45 (Gulf Freeway) — excellent connectivity for commuting and travel.
- Suited for working professionals, airport employees, couples, small families, and long-term renters
- On-Site Features: • Laundry facilities • Two landscaped courtyards • Covered meeting/gathering area • EV charging stations • Amazon package lockers
- Nearby Destinations: William P. Hobby Airport (very close) • Downtown Houston (~10 mi) • Entertainment and dining options
- New roof (2016)
Executive Summary
Casa Grande Apartments presents a compelling value-add investment opportunity with stable in-place occupancy and a well-located infill position along the Gulf Freeway corridor. The property offers upside through continued operational efficiencies and unit enhancements while benefiting from strong renter demand driven by proximity to I-45, Downtown Houston, and Hobby Airport.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Sale Type | Investment | Lot Size | 1.99 AC |
| No. Units | 62 | Building Size | 45,661 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2023 |
| Building Class | C | Parking Ratio | 1.45/1,000 SF |
| Zoning | B1 | ||
| Sale Type | Investment |
| No. Units | 62 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.99 AC |
| Building Size | 45,661 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2023 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | B1 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Crown Molding
- Refrigerator
- Walk-In Closets
- Dining Room
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 35 | - | 675 |
| 2+1 | 21 | - | 798 |
| 2+1.5 | 6 | - | 859 |
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Property Taxes
| Parcel Number | 0642150000053 | Improvements Assessment | $3,333,755 |
| Land Assessment | $867,890 | Total Assessment | $4,201,645 |
Property Taxes
Parcel Number
0642150000053
Land Assessment
$867,890
Improvements Assessment
$3,333,755
Total Assessment
$4,201,645
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Casa Grande Apartments | 8800 Gulf Fwy
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