5405 Iconic LnHouston, TX 77091

Property Details for 5405 Iconic Ln

Year built

2022

Property size (Sq ft)

64,392 SF

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a portfolio of two brand-new, luxury apartment communities in Houston, Texas, totaling 36 units. Built in 2022, these properties boast high-end finishes throughout, including private fenced back patios and two-car garages. The convenient proximity of the two complexes simplifies management. Each unit is individually deeded, offering diverse exit strategies. Located approximately 8 miles from Downtown Houston, the properties benefit from an average household income of approximately $91,000 within a 3-mile radius. The unit mix includes 18 three-bedroom, 2.5-bathroom units with garages at 5405 Iconic Ln (approximately 1.44 acres, average unit size 1,767 sq ft) and 14 three-bedroom, 3.5-bathroom units with garages at 316 Thornton St (approximately 0.64 acres, average unit size 1,828 sq ft). The total square footage across both properties is 64,392 square feet. This portfolio capitalizes on the growing demand for rental properties, offering a compelling solution to the current affordability challenges in the Houston housing market. The properties are situated in Harris County, Texas, with addresses in zip code 77091 (5405 Iconic Ln) and 77018 (316 Thornton St). The Texas tax environment further enhances the investment appeal.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8444

Longitude

-95.4043

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