12829 Jones Rd
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12829 Jones Rd
28 Unit Apartment Building $4,500,000 ($160,714/Unit) 7% Cap Rate Houston, TX 77070
Investment Highlights
- Under construction multi-family building with 20 units.
- for more detail information load Offering Memorandum,
- New Construction
Executive Summary
Jones Road Apartments represents more than just a real estate investment; it's a gateway to consistent cash flow, capital appreciation, and financial prosperity. With its prime location, upscale amenities, and promising financial projections, this Class A multifamily unit is
poised to deliver exceptional returns for savvy investors. Don't miss out on this golden opportunity to secure your future wealth. Review our attached proforma today and embark on a journey towards unparalleled success in real estate investment.
Financial Overview:
? Total Projected Sale Price: $ $4.495 million, with 85% of the project already
completed, and the remaining 15% needed to finish by fall of 2024.
? Market Pricing: Units are competitively priced at $1.70 per square foot, reflecting the
luxury and superior quality of the accommodation.
? Absorption Rate: Anticipated to reach 80% by Fall 2024, indicating strong demand
and rapid uptake by tenants.
? Projected NOI and Cap Rate: Anticipated Net Operating Income (NOI) of $303,000
with a Cap Rate of 7%. Jones Road Apartments offer a promising income-generating
opportunity, supported by a projected stabilization rate of 95% by 2026.
Proforma and Exit Strategy:
? Class A Apartment Complex: Consisting of 28 units spread across two two-story
buildings, this new construction project boasts top-tier amenities and finishes,
ensuring high desirability among tenants.
? Prime Location: Situated near major thoroughfares such as Hwy 290 and Hwy 249,
the property offers convenient access to employment centers, retail outlets, and
entertainment hubs, enhancing its attractiveness to prospective renters.
? Favorable Demographics: With positive household population projections in the
neighborhood, Jones Road Apartments aligns perfectly with the evolving needs and
preferences of the local community.
poised to deliver exceptional returns for savvy investors. Don't miss out on this golden opportunity to secure your future wealth. Review our attached proforma today and embark on a journey towards unparalleled success in real estate investment.
Financial Overview:
? Total Projected Sale Price: $ $4.495 million, with 85% of the project already
completed, and the remaining 15% needed to finish by fall of 2024.
? Market Pricing: Units are competitively priced at $1.70 per square foot, reflecting the
luxury and superior quality of the accommodation.
? Absorption Rate: Anticipated to reach 80% by Fall 2024, indicating strong demand
and rapid uptake by tenants.
? Projected NOI and Cap Rate: Anticipated Net Operating Income (NOI) of $303,000
with a Cap Rate of 7%. Jones Road Apartments offer a promising income-generating
opportunity, supported by a projected stabilization rate of 95% by 2026.
Proforma and Exit Strategy:
? Class A Apartment Complex: Consisting of 28 units spread across two two-story
buildings, this new construction project boasts top-tier amenities and finishes,
ensuring high desirability among tenants.
? Prime Location: Situated near major thoroughfares such as Hwy 290 and Hwy 249,
the property offers convenient access to employment centers, retail outlets, and
entertainment hubs, enhancing its attractiveness to prospective renters.
? Favorable Demographics: With positive household population projections in the
neighborhood, Jones Road Apartments aligns perfectly with the evolving needs and
preferences of the local community.
Data Room Click Here to Access
Property Facts
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | $1,740 | 1,023 |
| 2+1 | 14 | $1,900 | 1,087 |
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 0460560000052 | Improvements Assessment | $3,859,365 |
| Land Assessment | $682,830 | Total Assessment | $4,542,195 |
PROPERTY TAXES
Parcel Number
0460560000052
Land Assessment
$682,830
Improvements Assessment
$3,859,365
Total Assessment
$4,542,195
zoning
| Zoning Code | NON (Jones Road Apartments represents more than just a real estate investment; it's a gateway to consistent cash flow, capital appreciation, and financial) |
| NON (Jones Road Apartments represents more than just a real estate investment; it's a gateway to consistent cash flow, capital appreciation, and financial) |
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