New Offering: 53-Unit Value-Add Opportunity in the Houston MSA

Download Offering Materials: Garner Park

Capstone is pleased to present Garner Park: a 1963 vintage, classic value-add asset in Pasadena, Texas a suburb of Houston. Garner Park (53 units) represents phenomenal potential to investors seeking entry into the resilient Southeast Houston multi-family market. In addition, Garner Park is currently being self-managed, which allows for upside in hiring a professional 3rd party management team. The property is poised for a value-add program, which if completed, could procure new ownership a +22% ROI respectively. Current ownership has done much of the heavy lifting, having recently completed multiple significant CapEx investments; thus, allowing new ownership to enjoy minimal deferred maintenance throughout ownership. Additionally, the property is strategically located within the Southeast Houston Submarket, with an abundance of employment opportunities and unmatched connectivity to various interstate highways.

Investment Highlights
Operational Efficiencies & Professional 3rd Party Management
Proven Value-Add Program
Strong Submarket Fundamentals and Location

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