713-452-4299
8430 Antoine Dr, Houston, TX for Sale
Apartments - FOR SALE
1/5
null | Request Cap Rate

8430 Antoine Dr
Houston, TX 77088
Brookhollow/Inwood


HIGHLIGHTS

  • Attractive Unit Mix - 85% Two-Bedroom Units
  • Large Unit Sizes - 989 Average Square Feet
  • All Units Equipped With Washer & Dryer Connections
  • Substantial Value-Add Opportunity Through Improved Management
  • Opportunity to Implement RUBS Program ($75) , W/D Rental Income ($50), and Covered Parking Fees ($30)
  • Current Loss to Lease Gap of $91 Based On Recent Signed Leases

OVERVIEW

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Chesapeake Village, a 72-unit multifamily community located at 8430 Antoine Drive in Northwest Houston. Built in 1984 on a 3.58-acre site, the property features a desirable two-bedroom-heavy unit mix, representing 85 percent of the total unit count, with the community averaging 989 square feet. Composed of 19 separate buildings and 80 covered parking spaces, Chesapeake Village presents itself as a unique value-add opportunity for multifamily investors in Houston. Chesapeake Village offers new ownership several avenues to push revenue, including increasing rents to the market levels recently proven by signed leases. Additionally, current ownership is not charging back for any utility reimbursements, collecting covered parking fees, or collecting washer and dryer rental fees, reinforcing the asset’s value-add potential. To Access Offering Memorandum & Financials: https://www.marcusmillichap.com/properties/307631/chesapeake-village-apartments

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

73

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chesapeake Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

148

LAND DETAILS

LAND ACRES

3.58 AC

LAND SF

155,858 SF

ZONING

-

APN/PARCEL ID

1393940000001

ASK ABOUT THIS PROPERTY

Kyle DevillierMarcus & MillichapMore Info
713-452-4299

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Kyle DevillierMarcus & MillichapMore Info
713-452-4299

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