Off-Market Deal in Houston
Price$26,300,000
Investment Highlights
Northwest Houston TX 250 units gated townhouse community built in 2000. All 2/3br floorplans 83% occupied (due to recent increase in income requirements that also improved tenant quality) 50% of units are classic with $180 rents below market & pro forma NOI on full occupancy is $1.863m normal sale owner asking $105kppd / $26.3m negotiable. Owner will also stay in the deal as preferred equity up to 50% at 8% rate
Location
📍 Houston
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.