8900 Chimney Rock Rd | Houston, TX 77096
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- LoopNet Team
8900 Chimney Rock Rd
Houston, TX 77096
Renovated Value-Add Community w/ High Yield · Multifamily Property For Sale
·
711 Units
INVESTMENT HIGHLIGHTS
- 711-unit, value-add asset in Houston, Texas, seven miles Southwest of Downtown.
- Minutes from major employment and entertainment drivers: Texas Medical Center, Uptown, NRG Stadium & Arena, Rice University, and More.
- $8 Million in capital projects completed in past two years, providing a fresh, modern look, new amenities, and minimal deferred maintenance.
- More than half of the units remain to be fully upgraded ($150-300 premium.
- Zoned to top-rate Bellaire High School & Lovett Elementary School, and adjacent to affluent neighborhoods (home values: $500k-$1M+).
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 15.66 AC |
| Type of Ownership | Fee Simple | Building Size | 544,698 SF |
| No. Units | 711 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1966/2023 |
| Apartment Style | Garden | Parking Ratio | 1.64/1,000 SF |
| Building Class | B | Parcel Number | 0410880000014 |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 711 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 15.66 AC |
| Building Size | 544,698 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2023 |
| Parking Ratio | 1.64/1,000 SF |
| Parcel Number | 0410880000014 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Security System
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
SITE AMENITIES
- Business Center
- Clubhouse
- Courtyard
- Fitness Center
- Picnic Area
- Property Manager on Site
- Grill
- Maintenance on site
- Sundeck
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