15116 Mesa DrHumble, TX 77396

For Sale
Call for price

115-unit apartment community in Humble, TX

Overview

Added:
Dec 11, 2024
Days on market:
94
Fall Creek Square, a 115-unit apartment community in Humble, Texas, presents a compelling investment opportunity. Built in 2003, this Class B multifamily property boasts 122,180 square feet of net rentable space spread across eleven 3-story buildings situated on a 4.66-acre lot. The property features a mix of one, two, three, and four-bedroom apartments, many upgraded with desirable amenities such as vaulted 9-foot ceilings, breakfast bars, hardwood floors, in-home washers and dryers, granite countertops, and pantries. Residents enjoy a remodeled swimming pool, an outdoor grilling area, and a pet-friendly environment complete with a dog park. Its convenient location in a wooded neighborhood offers easy access to Beltway 8, placing residents just fifteen miles from downtown Houston and eight miles from Bush Intercontinental Airport. The property's current pricing is 25% below replacement cost, representing a significant value proposition for investors. This well-maintained community provides a strong foundation for future growth and profitability, benefiting from its desirable location and attractive features. The property's size and unit mix cater to a broad range of renters, ensuring consistent occupancy and strong rental income potential. The existing amenities and pet-friendly environment further enhance the property's appeal to prospective tenants.

Highlights

  • 115-unit apartment community in Humble, TX.
  • Class B multifamily property, 122,180 square feet, eleven 3-story buildings on a 4.66-acre lot.
  • Mix of one to four-bedroom units, many with upgraded amenities (vaulted ceilings, hardwood floors, granite countertops).
  • Community amenities include a remodeled pool, grilling area, and dog park.
  • Convenient location near Beltway 8, 15 miles from downtown Houston and 8 miles from Bush Intercontinental Airport.
  • Priced 25% below replacement cost.

Property Details for 15116 Mesa Dr

Property type
Multifamily properties, Apartment buildings
Class
B
Year Built
2003
Buildings
11
Stories
3
Lot Size (sq. ft)
202,990 SF
Units
115

Location Insight

City
Humble
County
Harris
State
Texas
Latitude
29.940928219768
Longitude
-95.268296562255
15116 Mesa Dr, Humble, Texas

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15116 Mesa Dr
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