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CHAMPIONS POINTE

Address:

12335 Antoine, Houston, Texas 77067

Price:

Unpriced

Price / Unit:

N/A

Price / Square Foot:

N/A

Number of Units:

224

Avg Sq. Ft. / Unit:

707

Class:

"B-" Property

Type:

1984, 2 STORY, GARDEN STYLE APARTMENT COMMUNITY

Broker / Agent:

JIM HURD

Description:

INVESTMENT INFORMATION:

1) CHAMPIONS POINTE - consists of 15 apt buildings with 224 units and a free standing leasing office situated on 8 acres in an unincorporated part of northwest Houston. This area has a blue collar workforce demographic with housing in the area being comprised of mostly B and C grade workforce housing. The property is surrounded by single family residential neighborhoods, with only 4 apartment properties within a 1 mile radius of the property. Champions Pointe is individually metered for electricity and master metered for water and gas. There is a flat fee in place to recoup the water cost, at this time there is no charge back in place for gas usage. The property is upgradeable which would allow upside in the rents.

2) Location & Accessibility - the subject property is located in the Camden Park residential neighborhood which provides good access to toll roads, major freeways, employment areas, universities, public parks, recreation facilities and medical facilities. The area has a large Hispanic influence. Due to the subjects' proximity to several large employment centers, demand for residential and commercial property is good and should remain high within the neighborhood. The time spent commuting to large employment centers is relatively short when compared to the average commuting time from other areas in the Houston area. The property is 3.4 miles west of IH-45, 3.7 miles East of Hwy 249, 2 miles south of FM 1960 and 1.8 miles north of Beltway 8. All of which are major arteries in the Houston Area. The Elementary and Middle schools are just down the street and both are just a short walking distance away from the property. The property has great visibility on Antoine and Spears Rd, both are major arteries in the area and well traveled. Veterans Memorial is within walking distance of the property and is lined with retail, grocery stores, eateries as well as financial institutions. The property has access to public transportation and has school bus pick up and drop off.

3) Strong Rent Growth - Possible Upside with continued interior and exterior upgrades. Champions Pointe is located in the Champions / Willowbrook area of an unincorporated part of the Northwest Houston MSA. This sub-market generally has strong average occupancies. To further increase potential income, a new owner could continue interior and exterior upgrades to allow for additional upside in the rents.

Download attachments:

CHAMPIONS POINTE OFFERING MEMORANDUM

Financials:

View Financials