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9200 Bissonnet StHouston, TX 77074
Williamstown Apartments
Asset ClassMultifamily
# Units: 272Year Built: 1978Occupancy: 98.5%Access Data Room
A Multifamily Investment Opportunity with Value-Add Potential in Southwest Houston, Texas
overview of deal

Overview

  • Opportunity to acquire a Class “C” value-add property at a substantial discount to peak pricing
  • 10+ Years of Continuous Ownership
  • Georgian brick two-story construction with the potential to be a leading asset in the submarket
  • Washer Dryer connections in majority of units with the potential to add connections to the remaining units
  • No new properties recently delivered, under construction or proposed in the submarket
  • Great visibility on Bissonnet just east of HWY 59 with no immediate neighboring properties
  • Rental Rates for Class ‘B” assets in the submarket average $1.48 per square foot and are up 3.6% over the last 6 months
  • Motivated Seller
  • Available “All Cash”
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9200 Bissonnet StHouston, TX 77074

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Listing provided by Revere CRE