Montrose III Portfolio Houston, Texas
Download Offering Memorandum & Due DiligenceMontrose III Portfolio
Address
1919 West Main Street, 2211 West Alabama Street & 501 Branard Street | Houston, Texas 77098
Houston, TX 77098
Property Description
Montrose III Portfolio (the “Property”) is comprised of three individual multi-family properties located within the highly affluent Upper Kirby and Montrose submarkets of Houston, TX. The three properties sit on a combined 2.05 acres of land and boast a total of 129 units. All properties have many avenues an investor could take advantage of to add value and increase the NOI.
Investment Highlights
1919 W Main St | Located in highly sought after and high barrier to entry area of Montrose in the inner loop of Houston
1919 W Main St | Great opportunity for a value-add rehab, or full redevelopment
1919 W Main St | Unit size offers competitive advantage
2211 W Alabama St | Excellent walk-ability to an abundance of restaurants, bars, and retailers
2211 W Alabama St | Minimal capex burden for a new owner given the current unit renovations
2211 W Alabama St | Below market rents
501 Branard St | All rents are below market, which offers an investor some near term upside
501 Branard St | Stabilized occupancy
501 Branard St | Fully renovated
Location
Team
Brokerage Team
