12221 Fleming Dr
Houston, TX 77013

Greystone National Apartment Advisors is pleased to offer Yorkshire Village, a 248-unit multifamily opportunity in the I-10 East/ Woodforest/ Channelview submarket of Houston, Texas. -Excellent value-add opportunity through improved management and upgrades to the exterior and interior of the units. -Current Rents appear to be approximately 20% below Market. -All of the downstairs units have been completely renovated by the Seller since 2017. The Property does not appear to be in the 100-year Flood Plain. -Property does not have an existing Marketing Service Agreeement with a Cable Company, allowing new Buyer to negotiate a door fee and ongoing revenue sharing program. -The existing Laundry contract expires 9/3/2019. The Property has received very little revenue from this poorly negotiated agreement which heavily favors the equipment provider (First $1.02/ machine/ day to equipment provider, then 60% to Property). A contract with $0 daily rental fee and upwards of 65% of every dollar paid to the Property could be put in place by the new Buyer in September 2019. -Property is set up for submetering. -Minutes from the Pasdadena refineries (including the BP Houston Chemicals and Valero Houston) and the Houston Ship Channel. -Attractive unit mix of one, two, three and four-bedroom units, ideal for family demographics and low potential turnover. -Available “All Cash”