Villas On The Green

9603 Homestead, Houston, TX 77016

Property Location

Specifications

Price: 
$ 7,400,000
Property Type: 
Garden/Low Rise
Class: 
C
Year: 
1986
Units: 
254
Rentable Sq. Ft.: 
209,192
Lot Size: 
22.50 acres
Listing Type: 
Status: 

The Villas on the Green Apartments, formerly known as Swiss Village on the Park Apartments, is a two story, two phase, garden-style apartment community located in the North Loop East submarket of Houston, Texas. The property was partially built as a tax credit property. The asset was built in 1986/2003. Resident amenities include: mini-blinds, kitchen pantries, vaulted ceilings, ceiling fans, laundry facilities, and patios and balconies.

The onsite staff has done a great job screening tenants and cleaning up! Reportedly, the Certificates of Occupancy were just obtained, so the access gates can be permanently locked to enhance safety. The property has a good feeling to it.

Reportedly 14 or so units are off line, so $100K is allocated for repairs.

The price per unit seems outstanding for this vintage asset. There appears to be room to increase occupancy.

For a copy of the mortgage information, please download the Confidentiality Agreement, execute it, and return it to Tom Wilkinson (twilk4@ketent.com). After receipt of the executed Confidentiality Agreement the mortgage information will be sent to you.

Supporting Documents
Private

Tom Wilkinson

Location: 
Houston, TX
twilk4.ketent@gmail.com
Office: 
713-355-4646 x 102
Fax: 
713-355-4331

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.

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