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Multifamily

Hollister Oaks

1920 Hollister St, Houston, TX 77080

Listing Price: Request For Offer

Number of Units
60
Occupancy
100.0%
Gross SF
49,800

Investment Overview

Institutional Property Advisors and Marcus & Millichap have been selected to exclusively market for sale the Hollister Oaks Apartments in Houston, Texas. Built in 2017, the 60-Unit Community is Conveniently located in Northwest Houston's Spring Branch District, between I-10, Beltway 8, and Highway 290, providing easy access to Houston's Energy Corridor, Uptown Houston, the Texas Medical Center, CityCentre, and Downtown Houston. Hollister Oaks provides a warm, friendly community perfectly situated near a plethora of fine and casual dining restaurants, great shopping at Memorial City Mall and CityCentre, and plenty of local parks, including Houston's famous Memorial Park. The property offers luxury one- and two-bedroom floor plans with a modern flair, featuring granite counter tops, washer/dryer hookups, 9' ceilings, walk-in closets, premium hardwood-style flooring, and a stainless-steel appliance package. Currently 100% occupied, Hollister Oaks will provide new ownership in-place, stable cash flow with unique near-term upside. Recent leases at Hollister Oaks have been up 13.5% over average in-place rental amounts, providing organic rent growth in one of Houston's most desirable submarkets. Additional revenue generation opportunities include carport implementation, full implementation of washer/dryer hook-ups in remaining units, and increased amenity fee capture from pet rent, storage, and reserved parking. New ownership of Hollister Oaks will be acquiring a fully leased, Energy Star Certified, boutique residential asset minutes from some of Houston's most popular attractions and employment centers. The underlying strength of Hollister Oaks, coupled with Spring Branch's increasing popularity and growing multifamily fundamentals, create the ideal northwest Houston multifamily offering.

Investment Highlights

  • Newer Construction, 60-Unit Boutique Multifamily Community in Houston's Spring Branch District
  • In-Unit Luxury Amenities Include Washer and Dryer hookups, Dramatic Open Living Space with 9' Ceilings, Oversized Frost-Free Refrigerators, Walk-In Closets, And Designer Stainless Steel Appliances
  • Fully leased Community Delivering Significant In-Place Cash Flow with Unique Organic Rent Growth to Boost Near Term Returns
  • Extremely Strong Metro Houston Demographic Profile, Where the Population Has Increased By 17% and Average Household Income by 24% Since 2010
  • Quick and Convenient Access to Major Highways, Connecting Residents to All Points of The Houston MSA Within Minutes
  • Significant Value-Add Opportunity Through Additional Washer & Dryer Implementation
  • Located Within Spring Branch ISD, One of Houston's Highest Rated and Most Desirable School Districts
  • Recent Leases at Hollister Oaks Have Been Up 13.5% Over Average In-Place Rental Amounts, Providing Organic Rent Growth

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Number of Units
60
Occupancy
100.0%
Gross SF
49,800

Investment Highlights

  • Newer Construction, 60-Unit Boutique Multifamily Community in Houston's Spring Branch District
  • In-Unit Luxury Amenities Include Washer and Dryer hookups, Dramatic Open Living Space with 9' Ceilings, Oversized Frost-Free Refrigerators, Walk-In Closets, And Designer Stainless Steel Appliances
  • Fully leased Community Delivering Significant In-Place Cash Flow with Unique Organic Rent Growth to Boost Near Term Returns
  • Extremely Strong Metro Houston Demographic Profile, Where the Population Has Increased By 17% and Average Household Income by 24% Since 2010
  • Quick and Convenient Access to Major Highways, Connecting Residents to All Points of The Houston MSA Within Minutes
  • Significant Value-Add Opportunity Through Additional Washer & Dryer Implementation
  • Located Within Spring Branch ISD, One of Houston's Highest Rated and Most Desirable School Districts
  • Recent Leases at Hollister Oaks Have Been Up 13.5% Over Average In-Place Rental Amounts, Providing Organic Rent Growth

Investment Overview

Institutional Property Advisors and Marcus & Millichap have been selected to exclusively market for sale the Hollister Oaks Apartments in Houston, Texas. Built in 2017, the 60-Unit Community is Conveniently located in Northwest Houston's Spring Branch District, between I-10, Beltway 8, and Highway 290, providing easy access to Houston's Energy Corridor, Uptown Houston, the Texas Medical Center, CityCentre, and Downtown Houston. Hollister Oaks provides a warm, friendly community perfectly situated near a plethora of fine and casual dining restaurants, great shopping at Memorial City Mall and CityCentre, and plenty of local parks, including Houston's famous Memorial Park. The property offers luxury one- and two-bedroom floor plans with a modern flair, featuring granite counter tops, washer/dryer hookups, 9' ceilings, walk-in closets, premium hardwood-style flooring, and a stainless-steel appliance package. Currently 100% occupied, Hollister Oaks will provide new ownership in-place, stable cash flow with unique near-term upside. Recent leases at Hollister Oaks have been up 13.5% over average in-place rental amounts, providing organic rent growth in one of Houston's most desirable submarkets. Additional revenue generation opportunities include carport implementation, full implementation of washer/dryer hook-ups in remaining units, and increased amenity fee capture from pet rent, storage, and reserved parking. New ownership of Hollister Oaks will be acquiring a fully leased, Energy Star Certified, boutique residential asset minutes from some of Houston's most popular attractions and employment centers. The underlying strength of Hollister Oaks, coupled with Spring Branch's increasing popularity and growing multifamily fundamentals, create the ideal northwest Houston multifamily offering.

Exclusively Listed By

Financing By

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