Westbury Crossings Apartment Homes
High Visibility Location in Houston, TX | Positive Lease Trade-Outs | 100% Value-Add Opportunity
Marketing description
Westbury Crossings is a well-located multifamily community in Houston's Braeswood/Fondren Southwest submarket. The property offers an attractive mix of affordability, consistent renter demand, and proximity to major employment and education centers. Situated along Fondren Road with convenient access to U.S. 59 and the Sam Houston Tollway, the asset is well-positioned relative to the Texas Medical Center, Downtown Houston, and the Galleria. Additional demand drivers including Houston Christian University, neighborhood retail, and local schools support stable occupancy and long-term rental growth.
The community features one- and two-bedroom apartment homes with functional layouts designed to support everyday living. All units include private patios or balconies, along with walk-in closets and linen closets. Select residences offer additional interior features such as washer and dryer connections, a fireplace, built-in bookcase, and entertainment niche, vaulted ceilings, and exterior storage closets located on patios or balconies.
Westbury Crossings provides residents with a focused set of community amenities that enhance livability without adding operational complexity. The property includes a glistening swimming pool and an outdoor BBQ grill area, complemented by two on-site laundry facilities, controlled-access gate, ample surface parking, and is pet-friendly. These amenities contribute to a comfortable, low-maintenance residential environment that supports consistent occupancy and resident retention.
Overall, Westbury Crossings represents an opportunity to acquire a well-positioned asset in an established Houston submarket, with a unit mix and amenity package that lends itself to durable demand and potential enhancement through targeted improvements and operational efficiencies.
Investment highlights
- Positive Recent Lease Trade-Outs (Last 90 Days)
- High Visibility Location with Excellent Traffic Counts
- Situated on NE corner of Fondren Rd & W Airport Blvd
- Traffic counts approx. 30,000 VPD on Fondren Rd and 14,000 VPD on W Airport Blvd
- Value-Add Opportunity
- 100% of units can be upgraded
- Ownership previously renovated 53% of units (126 units) which can all receive further upgrades to increase rents
- Stability with Long-Term Ownership
- 8 years with current ownership
- Limited Nearby Supply
- 1 property (300 units) under construction within a 5-mile radius
- High Submarket Occupancy
- 95.4% average occupancy of Class C product in submarket (per ADS)
- Strong Market Absorption
- 26,841 units absorbed (T12)
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