DEER CREEK APARTMENTS
16303 Imperial Valley Dr., Houston, TX 77060
The Deer Creek Apartments is a two story, garden-style, apartment community located in the Greenspoint submarket of N Houston,Texas. The asset was built in 1978 and rehabbed in 2015. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies, walk-in closets.
Per Enriched Data, currently there are no leasing concessions.
Per owner, over 50% of the units have been rehabbed with vinyl plank flooring and black appliances and getting rent increases of approximately $50-$75 and next month collections should be closer to $185k.
Exxon Mobil is approximately 10 miles to the north and should add 10,000+ jobs.
There has been a strong trend for the most qualified B- and C tenants to be pushed north of the Inner Loop north towards the airport, because the rents inside the Loop have jumped dramatically.
This is an Off Market Offering!
Hashir Saleem is a licensed Texas Real Estate Broker involved in real estate marketing services for institutional and individual investors. Hashir holds a B.S. in Industrial Engineering from the University of Houston and an MBA from Rice University's Jones Graduate School of Business.