1947 Greenbriar Colony Dr - Apartments FOR SALE


Houston, TX 77032- Greenspoint/IAH Airport
$4,900,000 USD
713-614-5888
1947 Greenbriar Colony Dr, Houston, TX for Sale
$4,900,000 USD
Apartments - FOR SALE
1/24
null | 7.23% Cap Rate

1947 Greenbriar Colony Dr
Houston, TX 77032
Greenspoint/IAH Airport


HIGHLIGHTS

  • Attractive Unit Mix with Spacious Layouts
  • Individually Metered Utilities
  • Rents at Market with Upside Potential
  • Well-Maintained Solid Asset with Abundant On-Site Parking
  • Located in a Quiet Residential Pocket

OVERVIEW

Well-Maintained 48-Unit Asset: Built in 1983, this garden-style apartment complex features durable brick and concrete construction, offering long-term structural stability and reduced capital expenditure risk. Attractive Unit Mix with Spacious Layouts: The property consists of well-sized units ranging from 635 to 1,152 square feet, appealing to a broad tenant base including families and working professionals. Strong Occupancy History: The asset maintains consistently high occupancy, reflecting healthy tenant demand and stable cash flow performance. Individually Metered Utilities: Each unit is separately metered for both electricity and water, enabling operational efficiency and lower owner expenses. Rents at Market with Upside Potential: Current rents are competitive with the local market, with room for incremental increases through strategic updates or amenity enhancements. Abundant On-Site Parking: The property provides ample parking for residents, a valued feature in suburban multifamily assets. Located in a Quiet Residential Pocket: Nestled in a quiet, family-oriented neighborhood, the property benefits from a low-density environment and close proximity to schools, parks, and major employment corridors. The property has several amenities that make living here very nice: access to HOA pool and Tennis Courts, easy access to highways, public, transportation, shopping, easy street parking, on-site parking, sidewalklined streets, and tree-lined streets: Apartment Units Features: -Balcony or Patio* -Ceramic Floors -Granite-style Countertops -Large Walk-in Closets -Open Bar Kitchens with Oak Cabinets -Washer and Dryer in units -Water heater individually placed in units

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

48

PRICE/UNIT

$102,083

CAP RATE

7.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greenbriar Apt Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,778 SF

ZONING

-

APN/PARCEL ID

1148290040022

ASK ABOUT THIS PROPERTY

Otto MunizKeller Williams Realty, IncMore Info
713-614-5888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Otto MunizKeller Williams Realty, IncMore Info
713-614-5888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.