1100 Hwy 90 W, Sealy, TX 77474

Summary:

Harvest Moon is a 75-unit Class-A, property in Sealy, Texas strategically positioned off Interstate-10, the corridor linking San Antonio and Houston. The asset is just minutes from Katy, the premier Western submarket of Houston which is the 4th largest MSA in the nation. The city of Sealy residents are mostly commuters to Katy and Houston and boast a high median income of $105,000 in the immediate 1-mile radius (Yardi). The average effective rents are $1,260/month ($1.36 PSF). The current occupancy is 99% with only one vacant unit. The 4-story building finished completion in the summer of 2021 and has a great unit mix featuring 66% (50) two-bedroom units, including (29) 1,025 square feet 2 bedroom/2 bathroom units. Every unit includes vaulted ceilings, floor-to-ceiling windows, balcony/patios, quartz countertops, brand-new stainless steel appliances, built-in microwaves, dishwashers, garbage disposals, washer/dryer connections, two-toned paint, and large walk-in closets.

Value-Add:

New ownership could construct carports and offer them to tenants as an optional add-on.

Location:

Just 20 minutes east along I-10 sits the bustling city of Katy, with strong area demographics of ~340,000 residents in the MSA. Katy’s largest demand drivers are Amazon (800,000 SF Facility, 2020), Katy Mills Mall (1.3 million SF with over 175 stores), and LaCenterra - Cinco Ranch (300,00 SF of mixed-use development with retail, restaurants, apartments, and office space).