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KET Enterprises IncorporatedKET Enterprises Incorporated
  • Home
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GROVE AT RENWICK


6909 RENWICK DR, HOUSTON, TX, 77081

UNDER CONTRACT

Property Type

Apartment

Total Units

94

Net Rentable Sq Ft

72,540

Price

Market

All Property Showings Are By Appointment

About

The Grove at Renwick, formerly known as Enchanted Fountains Apartments, is a two story, garden-style, apartment community located in the Gulfton submarket of SW Houston, Texas.  The property is a tax credit property and has maintained occupancies in the low to mid 90’s for more than 3 years.  The asset was built in 1966.  Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies and walk-in closets. Currently there are reportedly no leasing concessions.

The property is located in a targeted revitalization zone for the City of Houston to bring grants to accommodate upgrading and redevelopment.  One strategy would be to re-syndicate the tax credits.  The Gulfton area contains perhaps the greatest concentration of Class C apartments in Houston, with over 20,000 units  in  an area defined by US 59, Chimney Rock, Bissonnet and Hillcroft as the boundaries.

There is currently a LURA on the property which expired April 19,2023. The units were limited to 60% of AMI.  This asset is ideal to re-syndicate the tax credits or perhaps to get HOME funds from the City of Houston.  Located in an Opportunity Zone.  Starting May 1, 2023, Manager raised rents about $150/unit and is getting no pushback.

Details

Property Type: Apartment

Year Built: 1966

Units: 94

Rentable Sq. Ft. : 72,540

Acres: 2.82

Supporting Documents

GroveatRenwick-3.pdf
BROKER-DISCLOSURE-FORM-TREC-2-10-25-KET.pdf

Private Documents

Grove-at-Renwick-RR-7-13-23.pdf
Grove-at-Renwick-RR-2-5-24.pdf
Constitution-RR-4-16-24.xlsx
Grove-at-Renwick-RR-7-23-24.pdf
Grove-at-Renwick-RR-7-23-24.pdf
Grove-at-Renwick-OS-9-24-Trailing.pdf
Grove-at-Renwick-RR-10-9-24.pdf
Grove-at-Renwick-OS-1-25-Trailing.pdf
Grove-at-Renwick-RR-2-3-25.pdf

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Contact The Agent

Contact Info

Name

Tom Wilkinson

Phone

713.355.4646 ext 102

Email

twilk4@ketent.com

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