10501 Holly Springs DrHouston, TX 77042
Belmont Place La Fontaine
Asset ClassMultifamily
# Units473
Overview
Transwestern is pleased to offer Belmont La Fontaine Apartments, a 473-unit Class B community built in 1968/1975 in Houston’s Energy Corridor. Featuring spacious one-, two-, and three-bedroom units averaging 1,242 SF, the property offers a strong value-add opportunity through continued renovations while generating solid in-place cash flow. Under the same ownership for over 25 years, Belmont La Fontaine has received $5.5M in improvements over the past three years, yet rents remain 20% below market ($1,141 vs. $1,450 per unit). Its prime location within a major employment hub anchored by Fortune 500 energy companies positions the asset for sustained demand and significant rent growth potential.
Investment Highlights
- Prime Location– Located in Houston’s Energy Corridor, home to 300+ companies generating over $24B annually, with convenient access to U.S. 59, Beltway 8, and the Westpark Tollway.
- Available Below Replacement Cost – Belmont La Fontaine is available below the estimated $200K per unit replacement cost, offering downside protection and strong appreciation potential as costs rise.
- Attractive Value-Add Opportunity – The property has been under the same ownership for over 25 years, resulting in rents that are 20% below market comparables, presenting a clear value-add opportunity through continued renovations.
- Well Maintained Asset – The Property has received $5.5M in building and interior upgrades over the past three years.
- Strong Operations – Occupancy has remained above 90% over the past 18 months, driven by strong employment and limited comparable supply.
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10501 Holly Springs DrHouston, TX 77042
Sales Team
Listing provided by Revere CRE