Living / Multi-housing

Village on Memorial

15200 Memorial Dr Houston, Texas United States 77079-4322
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2004
Building Area Net
Number of units 305
Occupancy 94.0 %
Call for Offers 2022-05-03

Asset Description

  • Property Type: Townhome Style Garden Product
  • Year Built: 2004
  • Units: 305
  • Average Unit Size: 1,308 sf
  • Rentable Square Feet: 399,028
  • Site Size: 14.93 acres 


Investment Highlights

  • Recently Renovated, Institutionally-Owned Unique Townhome Style Product
  • In the Path of Houston's Explosive Westward Migration
  • Sophisticated Memorial Address Generates Strong Surrounding Demographics
    • $135,000 average household income
    • 42% of population earns over $100k
  • Rent Growth Potential – Significant Discount to Mortgage with Income-Fueled Room to Grow
    • 53% Renter-Occupied Housing Units in a 1-mile radius
    • $415,000 Average Home Values in a 1-mile radius
  • Zoned to Spring Branch ISD, Harris County’s #1 Urban School District
  • Highly accessible off Interstate 10, minutes from Highway 6, Beltway 8 and Interstate 610
  • Proximate to affluent neighborhoods and top employment centers
    • LIVE: Memorial Villages | Briarforest | Spring Branch
    • WORK: Energy Corridor | TMC West | Westchase
    • PLAY: Terry Hershey Park | CityCentre | Memorial City
  • Impressive Submarket Performance
    • 18.7% rent growth in T12
    • All-time high rents
Last Updated Date: 02 Jun 2022

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Last Updated Date: 02 Jun 2022

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