Investment Overview

Marcus & Millichap is pleased to present a fully stabilized, turnkey multifamily asset located in the Meadowbrook/Allendale area of Houston. The property is situated within a quiet residential community supported by strong rental demand and a quality tenant base. Through consistent tenant screening and referral-based leasing, ownership has maintained full occupancy and stable operations. The property consists of 16 total units, including 15 two-bedroom/one-bath units and 1 one-bedroom/one-bath unit. Eight of the two-bedroom units are currently achieving $1,050 per month, demonstrating strong rent levels within the submarket. The remaining units present a clear path to rental upside, as current ownership has already proven the achievable market rents in place. All units have been renovated with modern interior finishes, including granite countertops and ceramic tile flooring throughout. Each unit is also equipped with smoke alarms and fire extinguishers, enhancing tenant safety and operational reliability. While the asset is currently operating at full occupancy, a new investor has the opportunity to further increase revenue by bringing the remaining units to proven market rental rates, implementing a RUBS program to recapture water expenses, and monetizing excess parking through the introduction of reserved parking fees. This offering presents an ideal opportunity for an investor seeking a stable, low-maintenance asset in Houston with both in-place cash flow and additional revenue growth potential. The property combines operational stability with clear and executable strategies to further enhance value.