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Capstone is pleased to present Meadowcreek Apartments, a compelling investment opportunity located in the Houston MSA. This 34-unit property possesses phenomenal upside for new ownership. Meadowcreek Apartments have been well maintained and cared for, ensuring a hassle-free transition for new owners. With proactive management of repairs and upgrades, this property offers investors ease of ownership and peace of mind. Additionally, Meadowcreek is situated in a submarket with robust fundamentals, Meadowcreek Apartments benefit from a stable and growing rental market. Location is paramount in real estate, and Meadowcreek Apartments enjoy a strategic position within Houston, offering convenience to key amenities, employment centers, and transportation hubs. Meadowcreek Apartments also boasts not only minimal deferred maintenance and a prime location, but also a significant increase in rental income over the past year.

With a 10.5% increase in effective gross income on the T3 vs T12, Meadowcreek Apartments has seen significant natural income growth as ownership began to lease units at near market rates. New owners have the opportunity to maintain this trend by continuing to lease units at rates already being captured and proven.

Investment Highlights:

Well-Maintained Asset

Solid Submarket Fundamentals

Well-Located Property

Significant Recent Income Growth

  • Address 2060 Allen Genoa Rd Houston, Tx
  • City Houston
  • State/county Texas
  • Zip/Postal Code 77017

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