OAK ACRES
41 Units in SE Houston
Marketing description
The Oak Acres Apartments is a two story garden style apartment community located in the U of H/I-45 South submarket of SE Houston, TX in the Gulgate-Pine Valley neighborhood. The asset was constructed in 1964 and per HCAD, underwent some renovations in 2022. The property offers residents fully equipped kitchens with carpeted bedrooms, heating and patios/balconies. Some tenants pay for electricity. Water, gas and trash are paid by the property.
Regarding repairs, one building roof was installed in 2022 and the others were installed in 2020, all are in good condition, per Owner. Dual heat/cooling units were installed in the majority of units over 2025/2026. They replaced 350 ft of sewer pipes throughout the property in 2023 and 2024. There are reportedly no plumbing issues. Laundry room was updated in 2022 and two new water heaters were installed in 2024. Plenty of exterior work was completed in 2025, including fascia and soffit repairs and paint, and concrete work on patio landings where required.
Investment highlights
- Available on an All Cash or New Loan Basis
- Excellent Location in U of H/ I-45 South Submarket of SE Houston
- Excellent Upside Potential
- Great Area Job Base
- Blue Collar Tenant Profile
- Easy Access to I-610 and I-45
- Below Market Rents
- Potential To Increase Rents
- Updated in 2022
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