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Description

Offers Due: Thursday, June 27, 2024

Capstone is delighted to offer Dogwood Townhomes, a prominent 33-unit community built partially in 1977 and 2001 in the rapidly growing suburb of Tomball, Texas. This property boasts a strong historical occupancy and a track record of rent growth, making it ripe for rental increases and NOI growth. The units feature spacious floor plans and essential amenities like washer and dryer hookups, which bolster tenant demand. Situated near Houston, Tomball has seen a 20% population surge in the last decade, driving both commercial and residential development in the area. Recent developments include 400 acres of commercial space and over 2,000 new homes under construction since 2020, promising continued growth and increased tenant base. Dogwood Apartments and Townhomes represents a secure investment with substantial upside potential in a thriving market.

Invesment Highlights:

Strong Historical Occupancy and Rent Growth

Spacious Living with Essential Modern Amenities

Robust Submarket Strength in a Thriving Community

  • Address 28011 Johnson Rd
  • City Tomball
  • State/county Texas
  • Zip/Postal Code 77375

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