16000 Cotillion Dr., Houston, TX 77060
Siena Villas consists of five buildings constructed in 1979 and renovated in 2007/08. The property appears to be in good condition and has been well maintained. It sits on 5.74 acres and is currently assessed as sixty-four separate condo units currently operated as the Siena Villas apartment complex. Unit amenities include: individual HVAC units, separate water heaters, fireplaces , patios and balconies, washer/dryer connections (in each unit), and walk-in closets. Upper units feature vaulted ceilings and private balconies while the lower units feature enclosed, covered patios. Many units have new kitchens and some have granite counter tops. Floor coverings consist of porcelain tile, carpet and many units have faux wood, laminate floors.
The exterior of the buildings is constructed of brick and Hardie Plank siding. The roof is constructed with pitched composition shingle and the flat roof where the condenser units are located have been resurfaced with urethane foam to create a lightweight and leak proof roofing system. The project appears to need work.
The asset is located in the northern portion of the City of Houston and is approximately 12 miles north of the Houston Central Business District. Residents enjoy its' convenient location near Interstate Highway 45 and Beltway 8, which are primary thoroughfares in the neighborhood. There are several apartment complexes which are located in the subject's vicinity which compete directly with the subject property. Siena Villas has the largest units in the area. The neighborhood has a mixture of compatible uses including single-family, multi-family and retail/commercial development along with various schools, places of worship, parks and open spaces.
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.