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https://grea.com/properties/#/townhomes-at-vista-gardens
Townhomes at Vista Gardens is a 32-unit, townhome-style apartment community located in the high-demand Pasadena submarket of Southeast Houston. Fully occupied, the property offers immediate cash flow and a stable tenant base, largely composed of working-class residents employed in nearby industrial, petrochemical, and shipping sectors.
The community features a mix of primarily two-bedroom, one-and-a-half-bath townhomes and four one-bedroom units, with washer/dryer connections in all but the one-bedrooms. Ten units have been upgraded with modern finishes, achieving strong rent premiums, while 22 classic units present a clear value-add opportunity. Select floorplans have been successfully converted from two- to three-bedroom units with minimal construction, resulting in further rent growth.
Located near major freeways and the Port of Houston, Townhomes at Vista Gardens combines strong in-place income with multiple paths for upside.