972-379-9862
1100 Us-90 Hwy W, Sealy, TX for Sale
Apartments - FOR SALE
1/45
null | Request Cap Rate

1100 Us-90 Hwy W
Sealy, TX 77474


HIGHLIGHTS

  • Value-Add: Electronic Package Lockers, Storage Units, Covered Parking
  • High Median Household Income - $70,120 - 5-Mile Radius
  • Unit Mix that Offers Large Floorplans - Up to 1,291 SF
  • 66% Two-Bedroom Units
  • Within the Commuter Range of Katy and Houston - The 4th Most Populous City in the U.S.

OVERVIEW

Summary: Harvest Moon is a 75-unit Class-A, property in Sealy, Texas strategically positioned off Interstate-10, the corridor linking San Antonio and Houston. The asset is just minutes from Katy, the premier Western submarket of Houston which is the 4th largest MSA in the nation. The city of Sealy residents are mostly commuters to Katy and Houston and boast a high median income of $70,120 in the immediate 5-mile radius (CoStar). The average effective rents are $1,192/month ($1.24 PSF). The current occupancy is 95% with submarket rates at 94% (Yardi). The 4-story building finished completion in the summer of 2021 and has a great unit mix featuring 66% (50) two-bedroom units, including (29) 1,025 square feet 2 bedroom/2 bathroom units. Every unit includes vaulted ceilings, floor-to-ceiling windows, balcony/patios, quartz countertops, brand-new stainless steel appliances, built-in microwaves, dishwashers, garbage disposals, washer/dryer connections, two-toned paint, and large walk-in closets. Location: Just 20 minutes east along I-10 sits the bustling city of Katy, with strong area demographics of ~340,000 residents in the MSA. Katy’s largest demand drivers are Amazon (800,000 SF Facility, 2020), Katy Mills Mall (1.3 million SF with over 175 stores), and LaCenterra - Cinco Ranch (300,00 SF of mixed-use development with retail, restaurants, apartments, and office space).

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

75

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harvest Moon Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.09 AC

LAND SF

134,600 SF

ZONING

-

APN/PARCEL ID

63947

ASK ABOUT THIS PROPERTY

Chase DavisThe Multifamily GroupMore Info
972-379-9862

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Chase DavisThe Multifamily GroupMore Info
972-379-9862

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.