Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3072 Marcus & Millichap, in conjunction with RealInsight Marketplace, is pleased to offer for sale a 51-unit multifamily asset located in the heart of Houston, Texas. Positioned just east of I-45 and north of Loop 610, the property offers exceptional connectivity to all major Houston employment centers, including Downtown, the Texas Medical Center, and the Museum District. The community features a desirable unit mix of 35 one-bed/one-bath units and 16 two-bed/one-bath units. Current rents remain highly competitive, ranging from $810–$1,050 for one-bedrooms and $1,100–$1,250 for two-bedrooms, providing investors the ability to acquire a cash-flowing asset with strong in-place performance and additional lease-up potential. This gated property offers several key amenities, including an onsite leasing office, laundry facilities, and a central courtyard that enhances the resident experience. A new owner has multiple avenues to further improve operations and increase revenue, such as continuing to stabilize the asset at competitive market rents, implementing a RUBS program for water, or introducing amenity fees for onsite offerings like the laundry room and future enhancements. Strategically located along East Crosstimbers Road, the property benefits from high visibility and strong daily traffic counts. Its proximity to major retailers such as Chick-fil-A, Subway, and Jack in the Box supports consistent tenant demand and contributes to strong retention when paired with effective management. Overall, this asset offers investors an attractive opportunity to acquire a centrally located, cash-flowing community with meaningful operational upside in one of Houston’s most accessible corridors.