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1711 Gessner Rd
Houston, TX 77080
Blue Apartments · Multifamily Property For Sale · 122 Units
PROPERTY FACTS
| No. Units | 122 | Lot Size | 3.07 AC |
| Property Type | Multifamily | Building Size | 111,611 SF |
| Property Subtype | Apartment | Average Occupancy | 93% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1964/2017 |
| No. Units | 122 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.07 AC |
| Building Size | 111,611 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2017 |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- High Speed Internet Access
- Refrigerator
- Oven
- Walk-In Closets
- Wheelchair Accessible (Rooms)
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
About 1711 Gessner Rd , Houston, TX 77080
ROYALGATE/ Timberwood is a 122-unit, garden apartment community located in the Memorial/ Spring Branch submarket of Houston, Texas. The Property was built in 2 phases, in 1962 and 1964, and is currently 96.42% occupied. The Property is located on Gessner Road , The submarket has seen exceptional rental rate and occupancy rate growth, increasing an annualized 12.6% and 8.8%, respectively, over the last 3 months. Over the last 12, the growth has been positive with Rental Rate Growth at 3.8% and Occupancy at 2.4%. The Property benefits from an exceptional location on Gessner Drive. Its location provides easy access to locations around Houston via Interstate 10, the Sam Houston Tollway and Loop 610. ROYALGATE/ Timberwood is zoned to the Spring Branch Independent School District. The Property is located 1.4 miles from Westwood Elementary School, 1.1 miles from Spring Oaks Middle School, 0.6 miles from Spring Woods Senior High School. ROYALGATE/ Timberwood is convenient to local shopping, entertainment and employment centers. Memorial City lies 1.7 miles to the South on Gessner Drive. Memorial City runs along the I-10 corridor, just inside Beltway 8, and contains 8.8 million square feet of developed real estate across 265 acres. Memorial City is a unique blend of Class A office space, retail, including the 1.7-million-square-foot Memorial City Mall; high-rise, mid-rise and garden residential living; upscale hotel accommodations including the Westin Memorial City and Hotel ZaZa Memorial City; the Memorial Hermann Memorial City Medical Center.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $675.00 | 390 - 418 |
| 1+1 | 43 | $755.00 | 460 - 1,151 |
| 2+1 | 27 | $957.50 | 792 - 1,059 |
| 2+2 | 13 | $1,085 | 896 - 1,820 |
| 3+2 | 36 | $1,107 | 831 - 1,317 |
PROPERTY TAXES
| Parcel Number | 0915650000019 | Improvements Assessment | $5,406,410 |
| Land Assessment | $2,002,860 | Total Assessment | $7,409,270 |
PROPERTY TAXES
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