Ryan Mendez - Commercial Real Estate Showcase

Ryan Mendez Property Listings
Senior Associate
1900 West Loop S
Suite 1300
Houston, TX 77027-3214

3499 Evergreen Drive - Evergreen Apartments

Houston, TX 77087 - Golfcrest MF Submarket

Property Type:Multi-Family Number of Units:106 Status:Existing Year Built:1961
Stories:2 Building Size:106,622 SF Land Area:3.85 AC (167,706 SF)
For Sale Price:For Sale Price/Unit:- Cap Rate:- GRM:-

Parking:1.2 Parking Spaces / 1,000 SF

Sale Notes:
Extensively renovated multifamily asset in southeast Houston. Recent capital improvements include: completely renovated interiors, exteriors, flatwork, and landscaping, as well as new plumbing, electrical and HVAC throughout
Walking distance to Gulfgate Mall utilizing pedestrian bridge on Interstate 610
Adjacent to Houston Gateway Academy charter school and Gulfgate Transit Center
Rental rates in the U of H/ I-45 South submarket increased over 6% within the last 3 months
Average occupancy in the subject’s submarket is 92% - similar vintage assets average 95%
Exceptional location and frontage on Reveille St. with a daily traffic count of 178,000 vehicles , just a quarter mile from U.S. Interstate 610
Less than 4 miles from William P. Hobby Airport
3 miles distance from the new proposed 20,000 square-foot Texas Children’s Hospital at 5400 Griggs Rd. that will house a pediatric care facility as well as a general primary care group
Minutes from Houston’s largest universities:
»» Texas Southern University - one of the largest HBCUs in the world and recognized as an “America’s Top Colleges” by Forbes (10,000 students)
»» University of Houston - Nationally recognized as a Tier One Research University (41,000 students)

Ed Cummins
(713) 272-1288

Kenady Davis
(713) 231-1655

Ryan Mendez
(713) 231-1614

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