11505 KEEGANS RIDGE HOUSTON, TX 77031
The Buena Vista Apartments, is a two story, garden-style, apartment community located in the Southwest submarket of Houston,Texas. The asset was built in 1979. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies, walk-in closets and wood burning fireplaces.
Currently there are no reported leasing concessions. The property has not been owned ten years and does not qualify for tax credits. The tax valuation has risen sharply from the 2018 valuation of $7,050,098. Taxes are vigorously being protested.
The broker did an exterior physical inspection only and guessed that $8,000/unit rehab is needed. This is only an estimate.
Blue collar tenant profile. Ideal for an interior/exterior upgrade! No new area apartments are under construction in the area. This is an "Off Market" offering.
Tom Wilkinson has performed real estate marketing serves for institutional and individual investors since 1972. He has a BA in Mathematics from Rice University and an MBA in Real Estate Investments from the University of Texas. In addition to brokering real estate, Tom previously owned and operated more than 80 properties. Tom has successfully marketed properties for and to dozens of individual, business and institutional sellers and buyers, including REO properties for the RTC, FNMA and FreddieMac.