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Maison De Ville

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Address: 707 Greens Rd, Houston, TX 77060, USA

Texas + Apartment Buildings

Created date: February 29, 2024

Date last updated: September 20, 2024

▶ Strong value-add opportunity located on a major thoroughfare in the Greenspoint submarket of North Houston and only 10 minutes from George Bush Intercontinental Airport.
▶ Upgraded units are achieving approximately $200 premium compared to “classic” units”. There appears to be additional upside potential in rents by completing exterior renovations and adding amenities.
▶ All units have washer and dryer connections.
▶ Seller has recently upgraded 71 units with granite countertops, fresh paint, new flooring, new appliances, hardware and ceiling fans. An additional 7 units have been partially upgraded.
▶ Located in an Opportunity Zone, designed to spur economic development by providing tax benefits to investors.
▶ Rents in the submarket have grown 35% over the last 10 years & continue to rise due to lack of new construction.

Property Description

Maison De Ville is a partially renovated, 121-unit multifamily community located in the Greater Greenspoint submarket of Houston in Harris County, TX. Built in 1979 and situated on 3.67 acres, the garden-style property is comprised of 7, two-story buildings and 1 single-story leasing office of wood frame construction with a combination of brick and wood panel siding and pitched roofs. Capital improvements in recent years are in excess of $1,000,000.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$7,900,000
No. of Units:	121
Year Built:	1979
Lot Size:	92,400.00 Sq ft
Opportunity Zone:	Yes
Price per unit:	$65,289
Property Website	Click Here