Investment Overview

Marcus and Millichap is proud to present Village Green Townhomes, an 18-unit Apartment Complex nestled in a quiet subdivision in Baytown, TX. Of the 18 Units, 17 are 2 Bed, 1 Bath models and 1 Unit is a 3 Bed, 2 Bath model. Each unit also includes a spacious back patio with washer and dryer connections, which when coupled with the covered carport, present attractive features for tenants in the submarket. WHY SHOULD YOU BUY? • Ideal hold property with opportunity to maximize value with rent increases (Average rents 10%-15% under market) + expense reduction (Previous owners were self-managers from an hour away which led to higher service call expenses and budgets than would exist with an owner with existing operational resources nearby). • Strong forecasted demographics and occupancy trends (prevalence of renters-by-necessity and little to no plans for additions of new supply over the next five years) • Located in cluster with several larger low and mid-rise complexes surrounding it, property appeals to tenants for its “Garden-style look with peace and quiet.” Put simply, this is a property that will fill itself and with good operations, should maintain strong yearly yields for the next decade.