The Citadel at Med Center
The Citadel at Med Center | 54 Units | Minimum Bid: $6,000,000
Marketing description
Renovated in 2020, The Citadel features modernized interiors with wood flooring, a clean and attractive unit mix, and a cohesive, well-kept aesthetic throughout the property. Importantly, the asset is not located in a flood zone, adding long-term security and risk mitigation for investors. With its strong location fundamentals, recent renovations, and desirable boutique feel, The Citadel at Med Center Loop Crossing presents a compelling opportunity to acquire a stabilized, high-quality asset in one of Houston’s most resilient and demand-driven rental submarkets.
What Is a Minimum Bid?
Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers.
Investment highlights
Assumable Financing– The property is financed by a fully assumable Fannie Mae loan at a favorable 5.85% fixed interest rate, subject to lender approval. This structure allows a qualified buyer to step into existing in-place financing, providing attractive leverage and protection against future rate volatility. See OM for additional details.
Prime location — Minutes to the Texas Medical Center with immediate connectivity via Loop 610 and South Main, making it highly convenient for medical professionals and the broader Med Center employment base.
Boutique scale with proven demand — 54-unit community with historically strong performance (LoopNet listing indicated ~96% average occupancy), supporting durable renter demand in a core infill location.
Recent capital improvements — Renovated in 2020 with over $1.6 million spent, positioning the asset as a “move-in ready” community versus a heavy lift value-add.
Resident features — Interiors and amenities marketed with hardwood/wood flooring, granite countertops, private balconies/patios, walk-in closets, and all-electric kitchens (pantry, dishwasher, refrigerator). The property also advertises covered parking and accessibility features.
Layout — Low-rise, 2-story asset totaling roughly 56,794 SF, originally built 1961, with ~56 parking spaces—a functional, efficient configuration for operations and resident experience.
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