Inwood Village Townhomes 7830 Bayou Forest Dr

The Multifamily Group is pleased to present the exclusive offering of Inwood Village Townhomes a unique, value-add opportunity in Houston, Texas. Built in 1985, the property features 24 units, each offering 1,105 square feet of space, with 2-bedrooms and 1.5-bathrooms. The property is currently 58% occupied, primarily due to insufficient marketing efforts, with no budget allocated for advertising. The submarket has strong occupancy rates at 91%. Inwood Village Townhomes currently has eight tenants receiving Section 8 assistance. The property is being offered free and clear of existing debt. Additionally, Inwood Village is situated outside of a flood zone.
Value-Add:
- Elevate Marketing Strategies: Implement targeted marketing initiatives to significantly increase occupancy rates (submarket averages 91%).
- Offer In-Unit Washers and Dryers: Attract tenants with the convenience of in-unit stackable appliances.
- Exterior Improvements and New Signage: Boost curb appeal by investing in exterior upgrades and contemporary signage to draw in new tenants.
Location:
The Inwood Village Townhomes are located northwest of Houston, nestled within a suburban neighborhood. The property offers convenient access to U.S. Hwy-290 and is close to popular retailers like Walmart and Target. Downtown Houston is just 15-miles to the south, making this area highly desirable for its economic opportunities, entertainment, and vibrant nightlife. With the metropolitan population expected to reach 8 million in the next five years, Houston continues to thrive as Texas’ largest city with a dynamic, global economy.
Houston’s Economic Development:
There are several major developments coming to Houston including:
- Austin Point: A first-of-its-kind 4,700-acre master-planned town began September 2023 that features 1,600-acres of mixed-use commercial development space and a walkable downtown area with hospitals, life sciences labs, and corporate headquarters.
- The Houston Astros Entertainment District: This will feature a 17-story hotel, 60,000 square feet of retail space for restaurants and shops, and a three-level gathering area for fans to watch Astros games and other major sporting events on a massive outdoor screen. The venue will also host live music performances. It is projected to generate $5.7 billion in economic impact over 20 years.
- The Commons at Hermann Park: After two years of renovation and contruction, The Commons opened in April 2024. The beloved park has a unique collection of play areas, including an immersive space-themed area and a life-sized carousel. The Commons also features many new gathering spaces including a Central Lawn and the Live Oak Terrace.