Investment Overview

Marcus & Millichap is pleased to present this beautifully updated 79-unit apartment complex, originally built in 1971, with over $1,000,000 of capital upgrades over the last four years. The property offers assumable financing at a favorable 4.49 percent rate and is located at 3015 Greenridge Drive in Houston Texas. The complex is comprised of 67 one-bedroom one-bathroom units / two one-bedroom two-bathroom units / six two-bedroom one-bathroom units and four two-bedroom two-bathroom units. Property amenities include on-site management, a leasing office, laundry facilities, covered parking, a pool, a grill & picnic area, a fitness center, and controlled access security gates. Since its extensive renovations, the property has been exceptionally well-kept and is ready for new management to stabilize the property. This investment opportunity offers a stunning facility with significant rental upside in the Galleria, one of the most desirable submarkets of Houston.