13150 Bissonnet, Houston, TX 77099
Miramar is an approximately 94% occupied "B-" apartment community in an improving "B-" area of far southwest Houston. It is located less than one mile north of the Fort Bend and Harris County Line and sits outside the city limits of Houston. The property offers investors an attractive, well-positioned asset in one of Houston's major growth areas with good upside potential in the rents with minor interior upgrades and leasing at the new rents upon lease renewals and new tenant move-ins. The community spans 4.53 acres and consists of 143 units in 11 buildings.
The property has pitched roofs (replaced in 2012) with a mostly brick exterior and Hardie Plank Siding. All units are comfortably appointed with individual controlled AC/Heat, fully equipped kitchens, tile surround tubs in bathrooms, tile flooring in all the downstairs units, controlled access entry gates and W/D connections in all units.
The property sits approximately 1.5 miles outside of the city limits of Sugarland, Texas, which was rated one of the best places to live in the Houston Metroplex. The location places it within easy access of an abundance of employment, entertainment, shopping and convenient transportation, thus providing a solid resident base and cash flow potential for the property. The neighborhood boundaries are Beechnut to the north, Dairy Ashford to the east, Eldridge Pkwy. to the west and West Bellfort to the south.
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.