Verandas at Bear Creek
Multifamily | 160 Units | Minimum Bid $15,000,000
Marketing description
Verandas at Bear Creek offers the opportunity to acquire a 160-unit garden-style multifamily community in the established and supply-constrained Bear Creek/Copperfield submarket of West Houston.
Strategically located near I-10 and Highway 6, the property provides direct access to the Energy Corridor and benefits from strong surrounding demographics and durable renter demand. Recent capital improvements exceeding $1.5 million have enhanced the asset, while in-place rents remain below market, presenting a clear path to revenue growth. Offered at an attractive basis relative to replacement cost, Verandas at Bear Creek presents a compelling value-add or core-plus investment with both stability and upside.
What Is a Minimum Bid?
Minimum Bid represents the starting price at which ownership is willing to review qualified purchase offers. This does not represent the list price.
Investment highlights
- 160-unit garden-style multifamily community
- Stackable Washer/Dryers in every unit
- Prime location in the Bear Creek / Copperfield submarket of West Houston
- Excellent accessibility via Interstate 10 and Highway 6
- Proximate to the Energy Corridor, a major employment hub
- Supported by strong demographics and above-average household incomes
- Offered below replacement cost
- Value-add / core-plus opportunity with operational upside potential
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