Listed by EDGE Realty Partners Dallas / Fort Worth, Edge Realty Partners - Houston
Unpriced
La Sonrisa
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 43,400
Units 40
Occupancy 10%
Year Built 1983
Buildings 10
Stories 2
Acreage 2.570
Investment Type Value Add
Houston, TX
Marketing description
La Sonrisa is a 40-unit multifamily community located at 9021 Antoine Drive in Houston, Texas. Built in 1983, the property consists of ten 2-story residential buildings featuring brick and plank exteriors with pitched roofs. The property features a highly desirable unit mix, including two (2) one-bedroom/one-bath units (600 SF), thirty-four (34) two-bedroom/two-bath units (1,100 SF), and four (4) two-bedroom/two-and-a-half-bath units (1,200 SF). The predominance of larger two-bedroom floor plans, well above typical submarket sizes, positions the asset to attract families and long-term tenants seeking more functional living space.
Investment highlights
- Value-Add Opportunity Through Interior & Exterior Upgrades: The property presents a clear opportunity to enhance both physical condition and operational performance. A new owner can implement targeted renovations to modernize interiors, improve curb appeal, and elevate the overall quality of the asset.
- Oversized Unit Mix with Strong Tenant Appeal: La Sonrisa features predominantly large two-bedroom floor plans ranging from 1,100–1,200 SF, significantly larger than typical submarket units, attracting families and long-term tenants seeking functional living space.
- Strategic Houston Location with Strong Connectivity: Located approximately 1.5 miles from Tomball Parkway, the property benefits from convenient access to Interstate 45 and major employment corridors throughout the Houston metro.
- Favorable Demographics & Population Growth: The immediate area has experienced approximately 5% population growth over the past five years, with continued growth projected, supporting sustained rental demand.
- Operational Upside Potential: Through improved management and a structured renovation plan, a new owner can enhance leasing performance and overall property operations.
- Established Asset with Durable Construction: Constructed with brick and plank exteriors, the property offers a durable structure with long-term operational stability and the ability to support a phased renovation strategy.
Listing Contacts
Listed by EDGE Realty Partners Dallas / Fort Worth, Edge Realty Partners - Houston
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