Living / Multi-housing

Village on Memorial

15200 Memorial Dr Houston, Texas United States 77079-4322
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Attributes

Year Built 2004
Building Area Net
Number of units 305
Occupancy 94.0 %
Call for Offers 2022-05-03

Asset Description

  • Property Type: Townhome Style Garden Product
  • Year Built: 2004
  • Units: 305
  • Average Unit Size: 1,308 sf
  • Rentable Square Feet: 399,028
  • Site Size: 14.93 acres 


Investment Highlights

  • Recently Renovated, Institutionally-Owned Unique Townhome Style Product
  • In the Path of Houston's Explosive Westward Migration
  • Sophisticated Memorial Address Generates Strong Surrounding Demographics
    • $135,000 average household income
    • 42% of population earns over $100k
  • Rent Growth Potential – Significant Discount to Mortgage with Income-Fueled Room to Grow
    • 53% Renter-Occupied Housing Units in a 1-mile radius
    • $415,000 Average Home Values in a 1-mile radius
  • Zoned to Spring Branch ISD, Harris County’s #1 Urban School District
  • Highly accessible off Interstate 10, minutes from Highway 6, Beltway 8 and Interstate 610
  • Proximate to affluent neighborhoods and top employment centers
    • LIVE: Memorial Villages | Briarforest | Spring Branch
    • WORK: Energy Corridor | TMC West | Westchase
    • PLAY: Terry Hershey Park | CityCentre | Memorial City
  • Impressive Submarket Performance
    • 18.7% rent growth in T12
    • All-time high rents
Last Updated Date: 28 Mar 2022

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Last Updated Date: 28 Mar 2022

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