Inwood Village Townhomes

Summary:

The Multifamily Group is pleased to present the exclusive offering of Inwood Village Townhomes a unique, value-add opportunity in Houston, Texas.​ Built in 1985, the property features 24 units, each offering 1,105 square feet of space, with 2-bedrooms and 1.5-bathrooms.​ The property is currently 58% occupied, primarily due to insufficient marketing efforts, with no budget allocated for advertising.​ The submarket has strong occupancy rates at 91%.​ Inwood Village Townhomes currently has seven tenants receiving Section 8 assistance.​ The property is being offered free and clear of existing debt.​ Additionally, Inwood Village is situated outside of a flood zone.​

Value-Add:

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  Elevate Marketing Strategies: Implement targeted marketing initiatives to significantly increase occupancy rates (submarket averages 91%).​

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  Offer In-Unit Washers and Dryers: Attract tenants with the convenience of in-unit stackable appliances.​

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  Exterior Improvements and New Signage: Boost curb appeal by investing in exterior upgrades and contemporary signage to draw in new tenants.​

Location:

The Inwood Village Townhomes are located northwest of Houston, nestled within a suburban neighborhood.​ The property offers convenient access to U.​S.​ Hwy-290 and is close to popular retailers like Walmart and Target.​ Downtown Houston is just 15-miles to the south, making this area highly desirable for its economic opportunities, entertainment, and vibrant nightlife.​ With the metropolitan population expected to reach 8 million in the next five years, Houston continues to thrive as Texas’ largest city with a dynamic, global economy.​

Houston’s Economic Development:

There are several major developments coming to Houston including:

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  Austin Point: A first-of-its-kind 4,700-acre master-planned town began September 2023 that features 1,600-acres of mixed-use commercial development space and a walkable downtown area with hospitals, life sciences labs, and corporate headquarters.​

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  The Houston Astros Entertainment District: This will feature a 17-story hotel, 60,000 square feet of retail space for restaurants and shops, and a three-level gathering area for fans to watch Astros games and other major sporting events on a massive outdoor screen.​ The venue will also host live music performances.​ It is projected to generate $5.7 billion in economic impact over 20 years.​

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  The Commons at Hermann Park: After two years of renovation and contruction, The Commons opened in April 2024.​ The beloved park has a unique collection of play areas, including an immersive space-themed area and a life-sized carousel.​ The Commons also features many new gathering spaces including a Central Lawn and the Live Oak Terrace.​

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  A Rare Chance To Buy a Mid-1980s Construction for Half of Replacement Cost.

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  All 24 Units Are 1,100+ Square Feet.

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  All Units Have Washer and Dryer Connections, Individual HVACs, Individual Water Heaters, and Carports.

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  Distressed Because the Owner Is Self-Managing From Overseas and Insufficient Marketing Efforts.