4300 Rosslyn Rd
Houston, TX 77018
Multifamily For Sale · Multifamily Property For Sale

Marcus and Millichap is pleased to announce the exclusive listing of Oak Forest Place Apartments, a 27 unit complex located in the popular Oak Forest neighborhood in Houston, Texas. It consists of seven one bedroom, one bath units ranging from 601 to 609 square feet each and 20 two bedroom, one bath units at 811 square feet each. The property is gated with a beautiful courtyard, laundry facility, assigned parking, the majority of which is covered. The tenants enjoy the quiet, residential neighborhood and the easy commute to Downtown, all major freeways, the Medical Center, The Galleria, and local colleges.

The property has been well-maintained over the years and rarely has a vacancy. Most tenants have lived on the property for several years and when a vacancy does occur, there is a waiting list. The manager is willing to stay with the property for the right owner. There have been several rent increases over the past couple of years and there is still room for more. With a modest investment in interiors, such as paint, fixtures, crown molding and possibly replacing the carpet with wood or laminate, there is room for significant rent increases.