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1318 Avenue ASouth Houston, TX 77587
Del Rio Apartments
Asset ClassMultifamily

Investment Highlights

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.

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1318 Avenue ASouth Houston, TX 77587

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