**Motivated Seller** Verandas at Bear Creek is a 160-unit multifamily asset located between master-planned communities, Bear Creek and Copperfield, in northwest Houston, Texas. The property was built in 1982.
In 2015 Verandas received an extensive renovation to the exteriors, amenities, and 145 unit interiors. 15 unit interiors remain non-renovated. This renovation included; complete exterior paint, new 30-year dimensional shingle roofing, repaired or replaced fencing, the addition of lush landscaping, swimming pool improvements, and leasing office renovations (wood floors, new lighting, new windows, doors, tile on outside entrance). Unit interiors received new plank vinyl floors, carpeting, windows, blinds, all black appliances, bathroom tubs, fixtures, travertine tile, shower faucets, door knobs, electrical outlet covers, tile around fireplaces/ entrances and two-tone paint.
The property offers studios and 1 to 2 bedroom floorplans ranging from 535 to 864 square feet. Occupancy is currently at 95% (September 2018).
Located on Timber Creek Place Ln. , immediately east of Highway 6, the property receives an average daily traffic count of over 7,300+ vehicles.
Residents are 5 miles from Houston’s Energy Corridor with over 20MM square feet of office space and 91,000 employees. Other major employers nearby include; Toshiba International Corporation Headquarters (2.8 miles), Dril-Quip Inc. (3.0 miles), BP Corporation (6.3 miles), Morrison Energy (6.5 miles), and Conocophillips (6.5 miles).
The area offers an abundance of retail centers and entertainment venues such as: Copperfield Village (1.9), Top Golf (5.6 miles), Yorktown 15 Carmike Cinemas (0.9 mile) and West Oaks Mall (8.9 miles).
