713-577-1770
8800-8888 Kempwood Dr, Houston, TX for Sale
Apartments - FOR SALE
1/21
null | Request Cap Rate

8800-8888 Kempwood Dr
Houston, TX 77080
Spring Branch Central


OVERVIEW

Kempwood Place Townhomes presents a rare and compelling opportunity for multifamily investors to acquire a portfolio of 36 individually titled townhomes in Houston's highly sought-after Spring Branch submarket. With over 37 years of stable ownership and the option to assume an attractive 3.5% loan featuring approximately 3 years of interest-only payments remaining, this asset offers immediate financial upside and long-term value. Strategically located across from Edgewood Elementary School within the acclaimed Spring Branch ISD, the property is ideally suited for families, enhancing tenant retention and demand. Each spacious 3-bedroom, 2.5-bath unit caters to the needs of today's renters, while proximity to major employment hubs-including the Energy Corridor and Westchase District-further strengthens the investment's appeal. Residents benefit from unparalleled access to premier retail, healthcare, and lifestyle destinations such as Memorial City Mall, Memorial Hermann Memorial City Hospital, CityCentre, and Town & Country Village, along with a wide array of grocery, dining, and entertainment options-all within minutes of the property. In 2015, ownership invested significantly in capital improvements, enhancing both the interior and exterior appeal of the townhomes. Upgrades include granite countertops, stainless steel appliances, gas stoves, microwaves, new cabinetry, ceramic tile backsplashes, new tubs and surrounds, undermount sinks, modern lighting, fixtures, and hardware, full window replacements, full-size washers and dryers, and ring camera installations for added security. Kempwood Place Townhomes combines location, quality, and financial flexibility-making it a standout investment opportunity in one of Houston's most resilient and growing neighborhoods.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

36

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kempwood Place Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

-

APN/PARCEL ID

0432220010001,0432220010002,0432220010003,0432220010004,0432220010005,0432220010006,0432220010007,0432220010008,0432220010009

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Phillip KerrCBREMore Info
713-577-1770

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Phillip KerrCBREMore Info
713-577-1770

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