1502 Pech Rd., Houston, TX 77055
Ashford Glens is a 68 unit, two story, apartment community located in northwest, Houston, Texas in the popular Spring Branch sub-market. The Spring Branch submarket is a stable sub-market and has had historically high occupancies. The property is located within a residential neighborhood in the area. Home values range from 350K to over $2 million (south of Long Point Rd.).
The current owner has expended over $650K in capital expenses since 2018 which includes new roofs. In addition, many appliances and HVAC's were replaced. It also included significant interior improvements. The owner recently increased the rents allowing a new owner to take advantage of the increased rents upon lease renewals and new move-ins. The property does not appear to be in a flood zone and did not flood during Harvey. There is a RUBS in place for water/sewer and gas as well as rebill for trash.
Home Features - All Electric Kitchen, Dishwasher, Frost Free Refrigerator, Large Walk-In Closets, Private Patios / Balconies, High Speed Internet Access, Wood Style Flooring, Carpet, Pool and Courtyard views (amenities may vary by plan).
Community Features - Gated Community, Swimming Pool, Remodeled Leasing Office, Central AC's, Covered Parking and Open Parking, Reserved Parking Available, Grilling Areas and is within close proximity to major employment centers in the area.
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.