About

<b>Woodtrail</b>  is a two and three story, garden-style, apartment community conveniently located in the Westchase/Energy Corridor submarket of suburban West Houston. The asset was built in 1978 and per HCAD, was rehabbed in 2017.

Per owner, there are currently 8 fully renovated units that receive approximately $220/unit per month in rent premiums. The upgraded units include new appliances, vinyl/tile flooring, updated cabinets, new countertops, tub/tile resurfacing, new paint, new faucets and a new lighting package. 121 units have been partially upgraded and currently receive rent premiums ranging from $65-$150/unit. 159 unit have not been upgraded. Excellent value add potential with continued upgrades. 88 units have washer/dryer connections and the w/d units.  Seller says the rehab cost $15,000 per unit.

<b><i>Whisper Price is $26.4M.</i></b>

Westchase/Energy Corridor is largely known as a business district, and many of the local residents are corporate professionals seeking to avoid the long, traffic-laden commutes that Houston is known for. The community is home to numerous office buildings, with a popular shopping area along Westheimer Road and several medical centers and schools in the mix as well. The rental market includes a variety of property styles, from swanky country club homes to modest efficiency apartments, catering to the needs of the diverse local workforce.

Golf courses and large public parks around Westchase are popular among locals seeking time outdoors, particularly the trails around Arthur Storey Park. Houston’s Chinatown is nearby, and Asian cultural influences contribute to a unique environment. Downtown Houston is only a short drive to the east, and the sprawling George Bush Park is just a quick hop away as well.