OAKS AT WAYSIDE
6520 JAMAIL DRIVE HOUSTON, TX 77023
The Oaks at Wayside Apartments, is a three story, garden-style, apartment community located in the U of H/I-45 S submarket of Houston, Texas. The area is known as EaDo (east of downtown, which is a rapidly gentrifying area). The asset was built in 2015. Residents enjoy ample amenities which include: granite counter tops, stainless appliances, 9' ceilings, ceiling fans, in-unit washers/dryers, patios and balconies, valet trash, a very nice private dog park and large walk-in closets. There is a gated entry to parking and the property is fully fenced. The maintenance shop doubles as a leasing office.
Per the property manager, the current seasonal leasing concessions include $500 off first month rent or one month free. Property is 100% leased.
The Owner has focused on providing a high quality apartment project with high security for the residents! The residents get a very quality asset at a lower price than what the Class A+ charge with full amenities. The area the property is located in has mostly older blue collar apartments projects and the area is anchored by a Fiesta Store, which caters to Hispanics. The residents are upper blue and lower white collar residents and per the Manager, they all work, and there is no one on welfare as residents.
This asset, combined with low interest rate agency financing, would make this a ideal acquisition for a first time buyer!
A CONFIDENTIALITY AGREEMENT MUST BE SIGNED TO RECEIVE DATA ON THE PROPERTY.
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.