15116 Mesa DrHumble, TX 77396

Property Details for 15116 Mesa Dr

Year built

2003

Lot size

4.66 AC

Property type

Apartment buildings

Description

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.

Location Insight

City

Humble

County

Harris

State

Texas

Latitude

29.9409

Longitude

-95.2683

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