Texas Multifamily Property

250 Unit Apartment Building
Houston, Texas - Greater Fondren Southwest Neighborhood

Texas Multifamily Property

240 Unit Apartment Building
Houston, Texas - Brookhollow/Inwood Neighborhood

Texas Multifamily Property

259 Unit Apartment Building
Wharton, Texas

Texas Multifamily Property

290 Units

Asking: 29,000,000+ 3%

Just south of The Woodlands and minutes from Bush Intercontinental Airport, enjoy the serene environment of Northpoint Square Apartments, an intimate community with a welcoming atmosphere. Our ideal Houston location places you within close proximity to the area’s best shopping, dining, and schools. Northpoint Square Apartments also provides easy access to the Willowbrook Mall. Everything you need is located just steps from your door.

Texas Multifamily Property

Purchase Price: $29.75M + 3%

Investment: 336 Units  
• 1985 Vintage situated between two of the highest performing rental submarkets in DFW - Grand Prairie & Arlington
• Minutes away from major thoroughfares (I-30 and President George Bush Turnpike) that provide access throughout the Metroplex
• Located near the DFW airport, Love Field Airport, major sporting/entertainment centers, and major employment hubs.
• Positioned in a heavily concentrated employment pocket of Grand Prairie

(603 buildings totaling over 55 MSF of Industrial space within 2.5 Miles)
• Rents are well below the market avg. in an area with a Median HH Income over $40K

Rent Roll Breakdown:
Units: 336 Units    Avg. Unit Size: 867 SF
Avg. Rent/SF: $1.10    Avg. Rent/Unit: $955
Year Built: 1985    Construction Type: Wood Frame
Roofs: Pitched    Metering: Individual

Texas Multifamily Property

419 Units in North Dallas


95% occupied

5.4 cap

NOI $2,309,411