Multi-Housing

Sharpstown Garden

7575 Bissonnet Houston, TX United States 77074
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1965
Occupancy 92.0 %

Property Description

All of the units at Sharpstown Garden Apartments have white appliances, and none of the units include microwaves or washer/dryers. In addition to interior value creation opportunities, new ownership can update and repurpose community amenities to improve the property's competitive position.

Investment Highlights

Sharpstown Garden Apartments is a 396-unit, garden-style community originally built in multiple phases in the mid-1960s. The workforce housing asset has had the same ownership in place since 1995. Over $890,000 has spent since 2016 to address deferred maintenance and improve curb appeal, paving the way for new ownership to focus on value-add improvements to drive higher income and revenues.
Christopher Young
Christopher Young
Senior Director, Capital Markets
License details
TX-630674
Joey Rippel
Joey Rippel
Senior Director, Capital Markets
License details
TX-654288

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