About

The Inverness Apartments is a two story, garden-style, apartment community located in Baytown, east of Houston, Texas. The asset was built in 1972 and offers spacious one, two, and three bedroom floor plans. Residents enjoy ample amenities which include: mini-blinds, hardwood flooring, all electric kitchens, kitchen pantries, ceiling fans, washer/dryer connections*, patios and balconies, walk-in closets, on-call maintenance.  There is beautiful landscaping, shimmering swimming pool, laundry facility, on-site property manager, package service, disability access, military and senior discounts, and guest parking.

The property is situated about 30 minutes  east of Houston, Texas.  The community offers a variety of nearbypublic parks , local eateries, retail, and entertainment venues.  The property has close proximity to Highway 146.

Baytown per ADS saw a 13% rent growth  in 2019, making it one of the strongest markets in Texas.  The rent growth has occurred  due to extensive Petrochemical plant expansions (Exxon, Chevron, and others), as well as the Houston Ship Channel to the south of Baytown.

Exxon reportedly added 14,000 construction jobs and the Houston Ship Channel is reporting that they will expand by both 100,000 construction and then 100,000 permanent jobs to accommodate, among other  things, the expansion  and completion of the second Panama Canal.  The Houston Ship Channel is an ocean going port and one of the largest ports in the world.

Current owner has spent $160K in Capital Improvements.  Off market offering.