5455 Timber Creek Place Dr - Apartments FOR SALE


Houston, TX 77084
$18,500,000 USD
713-405-7480
5455 Timber Creek Place Dr, Houston, TX for Sale
$18,500,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

5455 Timber Creek Place Dr
Houston, TX 77084


OVERVIEW

Minimum Bid: $18.500,000 Verandas at Bear Creek offers the opportunity to acquire a 160-unit garden-style multifamily community in the established and supply-constrained Bear Creek/Copperfield submarket of West Houston. Strategically located near I-10 and Highway 6, the property provides direct access to the Energy Corridor and benefits from strong surrounding demographics and durable renter demand. Recent capital improvements exceeding $1.5 million have enhanced the asset, while in-place rents remain below market, presenting a clear path to revenue growth. Offered at an attractive basis relative to replacement cost, Verandas at Bear Creek presents a compelling value-add or core-plus investment with both stability and upside. What Is a Minimum Bid? Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers. Ownership reserves the right to accept, reject, negotiate, counter, request best and final, or withdraw the offering.

FOR SALE DETAILS

PRICE

$18,500,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

160

PRICE/UNIT

$115,625

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verandas at Bear Creek

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

215

LAND DETAILS

LAND ACRES

4.52 AC

LAND SF

196,848 SF

ZONING

MFR

APN/PARCEL ID

1151370000017

ASK ABOUT THIS PROPERTY

Matthew BeanPartnersMore Info
713-405-7480

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Matthew BeanPartnersMore Info
713-405-7480

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