2527 Judiway StHouston, TX 77018
Grove at Oak Forest
Overview
Grove at Oak Forest is a 65 unit, individually platted build-for- rent community in the Oak Forest submarket of Houston,TX. This high growth market offer renters a best-in-class, single- family living experience with exceptional connectivity to nearby retail, entertainment, high quality schools, and employment drivers. The residences consist of 3 bedroom, 2.5 bath homes, with floor plans ranging from 1,236 to 1,894 sf, high end finishes and attached garages. The development is newly completed and now stabilized. The property offers investors a unique opportunity to acquire a build-for-rent community in one of Houston’s most desirable submarkets well below retail cost.
Investment Highlights
- Unique opportunity to acquire a high-quality BFR property in the nation’s 4th largest city
- 65 units in a high-growth suburban location
- The community is fully built and stabilized with rent upside
- Demonstrated discount of rent vs. own, with rents well below competitive set
- Limited supply of competitive rentals in market, and offered at a discount to retail pricing
- Seasonally-adjusted BFR/SFR rent growth on new leases has maintained over 10% growth over the last 4 quarters, with supply-side constraints supporting higher forward looking projected growth vs. traditional multifamily
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2527 Judiway StHouston, TX 77018
Listing provided by Revere CRE