Multifamily
Pebble Creek
10803 Greencreek Dr, Houston, TX 77070
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Pebble Creek, a 136-unit multifamily community located in North Houston near Jersey Village. Built in 1982, this stabilized asset offers strong in-place cash flow and a proven occupancy track record. With a $4,500/unit interior upgrade plan, investors could capture a $75/month rent increase yielding a 20% ROI. Additionally, a targeted water conservation program could cut utility costs by 22%, saving $25,000 annually. Pebble Creek benefits from high area incomes, proximity to top-rated Cy-Fair ISD schools, and major economic drivers including Foxconn’s $225M AI facility, five Amazon fulfillment centers, and United Airlines’ $177M expansion at IAH.
Listing Price: Request For Offer
Investment Highlights
- Stabilized Asset with Consistent Cash Flow
- Interior Value-Add with 20% ROI Potential
- Cut Expenses by $25K Through Water Efficiency
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Pebble Creek, a 136-unit multifamily community located in North Houston near Jersey Village. Built in 1982, this stabilized asset offers strong in-place cash flow and a proven occupancy track record. With a $4,500/unit interior upgrade plan, investors could capture a $75/month rent increase yielding a 20% ROI. Additionally, a targeted water conservation program could cut utility costs by 22%, saving $25,000 annually. Pebble Creek benefits from high area incomes, proximity to top-rated Cy-Fair ISD schools, and major economic drivers including Foxconn’s $225M AI facility, five Amazon fulfillment centers, and United Airlines’ $177M expansion at IAH.
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