713-452-4233
8900 Chimney Rock Rd, Houston, TX for Sale
Apartments - FOR SALE
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8900 Chimney Rock Rd
Houston, TX 77096
Meyerland Area


HIGHLIGHTS

  • 711-unit, value-add asset in Houston, Texas, seven miles Southwest of Downtown.
  • More than half of the units remain to be fully upgraded ($150-300 premium.
  • Minutes from major employment and entertainment drivers: Texas Medical Center, Uptown, NRG Stadium & Arena, Rice University, and More.
  • Zoned to top-rate Bellaire High School & Lovett Elementary School, and adjacent to affluent neighborhoods (home values: $500k-$1M+).
  • $8 Million in capital projects completed in past two years, providing a fresh, modern look, new amenities, and minimal deferred maintenance.

FOR SALE DETAILS

PRICE

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# OF UNITS

711

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated Value-Add Community w/ High Yield

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

895

LAND DETAILS

LAND ACRES

15.66 AC

LAND SF

682,137 SF

ZONING

-

APN/PARCEL ID

0410880000014

ASK ABOUT THIS PROPERTY

Gregory AustinInstitutional Property AdvisorsMore Info
713-452-4233

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Gregory AustinInstitutional Property AdvisorsMore Info
713-452-4233

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