About

The Mira Vista Apartments, is a two story, garden-style, apartment community, formerly known as OakBend, located in the Greenspoint/Aldine sub-market of north Houston, Texas. The asset was built in 1979 and per owner, was rehabbed in 2017.  Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies and  walk-in closets.

There is no RUBS.  Implementation of a water RUBS could generate additional income.

Per owner, the property is in bankruptcy and the court has ordered a sale. It is being sold as is and there will be no insurance proceeds.

A recent site visit revealed, one building of 16 units had a major fire recently and is boarded up.  It may cost approximately $50k/door to fix. Per owner, there will be insurance coverage for the burned units. There are two more units down but not as bad than the burn units. The parking lot looked ok.  The property probably needs an exterior paint job and some stucco work.

Known for the many businesses in the area, the Greater Greenspoint represents a diverse area and a number of neighborhoods that are bisected by Interstate 45. Greater Greenspoint has a lower cost of living than many of the surrounding communities. Families migrate to this area to enjoy the great schools and amenities, but renters of every walk of life will appreciate the array of apartments and nearby conveniences. This neighborhood lies 20 minutes outside of Downtown Houston, meaning a night out or a fun-filled afternoon is well within reach.