Asset - 42-unit multifamily asset built in 2020, offering modern construction with limited near-term capex needs.
Strong Occupancy & Cash Flow - Currently 97.6% occupied, providing stable in-place income with monthly NOI trending upward since new management was implemented.
Value-Add Flooring Upside - 6 units already upgraded with vinyl flooring; remaining units present a clear, phased value-add opportunity as tenants turn.
Operational Momentum - New management has driven improved performance, operational efficiencies, and consistent NOI growth,validating the business plan early.
Attractive Risk-Adjusted Upside - Ability to increase rents and NOI organically through interior upgrades while maintaining high occupancy in a growing South Houston submarket.