10001 Westpark DrHouston, TX 77042

Property Details for 10001 Westpark Dr

Year built

1983

Property type

Residential income properties

Property subtype

Multifamily properties

Description

Sunridge Villas presents a compelling investment opportunity in Houston, Texas. This multifamily property, located at 10001 Westpark Dr, 77042, in Harris County, comprises 30 recently renovated apartment units within a larger 64-unit condo complex. Built in 1983, the property boasts a strong net operating income (NOI) of $143,181, representing a significant return on investment. The asking price is $1,740,000, translating to approximately $60,000 per unit. Strategically situated approximately six miles west of Houston's Central Business District, Sunridge Villas benefits from its proximity to major roadways and a thriving area with substantial residential, retail, and office development. The property's location offers convenient access to various amenities and services. Importantly, the acquisition of these 30 units grants the buyer 45% voting rights within the Homeowners Association (HOA), providing significant influence over the property's future management and direction. This presents a unique opportunity to acquire a substantial stake in a well-located, income-producing asset with potential for further value appreciation. The renovated units contribute to a stable rental income stream, making this an attractive investment for both seasoned and emerging real estate investors seeking a foothold in the dynamic Houston market.

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7214

Longitude

-95.5406

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