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2223 W 34th St, Houston, TX, 77018

Brookhollow Apartments

$2,750,000

Key Information

Tot. SF
28,898
Lot Size
1.51 Acres
Units
44
Year Built
1960
Type
Apartments
Occupancy
84%

Highlights

• Approximately ±1.51 acres of land fronting W 34th St, just 0.7 miles from Waltrip High School, offering excellent potential for redevelopment.
• New ownership has the opportunity to thoroughly renovate interior units and exterior curb appeal, leading to $100-$200+/unit premiums on existing leases. There is also an opportunity to add an on-site laundry facility and implement RUBS to increase ancillary income.
• Located in one of the fastest-growing and most sought-after submarkets in the Houston MSA, Oak Forest/Garden Oaks is experiencing significant single-family and commercial demand leading to increasing development activity and population growth.
• Property offers excellent accessibility, with direct connections to major roadways including I-45, the 610 Loop, Hwy 290, and I-10, providing convenient access to downtown Houston and the surrounding metro area.
• The property is within close proximity to top-rated schools, including: Oak Forest Elementary (A rating on Niche), Black Middle School (B+ rating on Niche), Waltrip High School (C+ rating on Niche)
• Current leases are on a month-to-month basis, offering flexibility for a quicker redevelopment timeline.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204