Overview
San Remo, a meticulously designed 333-unit, 3-story garden-style community nestled in the vibrant city of Katy, just west of Houston, Texas. Crafted by SUEBA USA, esteemed developers renowned for excellence, San Remo epitomizes the pinnacle of quality living. Boasting a remarkable 95% brick construction, it stands as a testament to enduring craftsmanship.
San Remo offers an unparalleled array of amenities, seamlessly blending luxury with practicality. Residents indulge in the exclusive 24-hour athletic center, complete with state-of-the-art cardio equipment, while the net café beckons with iMac desktops for work or leisure. Chic indoor and outdoor social areas provide ideal settings for gatherings, complemented by an ultra-luxe leisure and lap pool, a dog park, playground, and a gourmet coffee bar.
Inside each impeccably designed apartment home, residents discover a sanctuary tailored to their needs. Choose from a selection of one- and two-bedroom floor plans, each boasting walk-in closets, oversized soaking tubs, and designer wood-style flooring. Gourmet kitchens feature stainless-steel appliances, granite countertops, and custom cabinetry, ensuring both style and functionality. With its blend of suburban tranquility and urban sophistication, San Remo offers an unmatched living experience.
Investment Highlights
Attractive Assumable Loan With 2.71% Interest Rate And Interest- Only Payments Remaining
- San Remo has a Freddie Mac loan with a 2.71 interest rate, over 3 years of interest only payments remaining and a maturity in 2031. This irreplaceable and historically low interest rate loan affords the new owner downside protection for the life of the loan as well as superior returns to those available today.
Positive Leverage & Cash-Flowing Opportunity
- The historically low interest rate coupled with interest only offers a new owner the ability to make distributions to their investors in Q1 of ownership
Discount To Peak Pricing
- San Remo is being offered at a 20% discount to the peak pricing of 2022
Superior Construction / Discount To Replacement Cost
- Originally developed by Sueba, who is known for developing Best – in-class multifamily assets that stand the test of time. San Remo is built with superior materials compared to most suburban properties being built today. San Remo is comprised of 95% or more brick exteriors.
Top Ranked Schools
- Zoned to Katy ISD, Harris County’s #1 School District
- 84,000 + Students
- 100,000 + Students by 2027
Location, Location, Location
- Highway Accessible Location from Both I-10 and the Grand Parkway
Surrounded By Entertainment And Retail Drivers
- Lifestyle Amenities
- Katy Boardwalk District
- Pop stroke, Andretti Indoor Karting & Games, and Home Run Dugout
- Katy Asian Town – Shopping Center with Asian Supermarket, restaurants and more
Major Employment Corridors
- Energy Corridor (95k+ Jobs)
- Uptown Galleria (82k+Jobs)
- Westchase BD (80K+Jobs)
Highly Desirable Demographics
- $124,380 Average HH Income
- 3.3% Annual HH Growth
- 4% Annual Population Growth
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