Investment Overview

Marcus & Millichap is pleased to present a rare value-add multifamily opportunity located in the highly desirable Timbergrove submarket of Houston, TX. This 18-unit asset offers immediate upside potential through strategic renovations and operational improvements. Positioned adjacent to the 610 Loop and US-290, the property benefits from exceptional connectivity to Houston's major employment hubs and urban amenities. The unit mix includes 14 one-bedroom/one-bath units and 4 two-bedroom/one-bath units, with one unit currently serving as an onsite leasing office. Current rents are significantly below market, providing a clear path for income growth. The property features gated access, an onsite laundromat, and covered parking, offering potential for additional revenue streams. Each unit is individually metered for electricity and equipped with central A/C, reducing ownership utility expenses and enhancing tenant comfort. This offering presents an outstanding opportunity for investors seeking to capitalize on below-market rents and reposition a well-located asset in one of Houston's most vibrant submarkets.