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33259258
33259259

6840 Fairway Drive, Houston, TX 77087

RD
TX TX 9004042
Partners
MB
TX TX 663805
Partners
SL
TX 787298
Partners
Listed by Partners
$1,852,500
3 days on market
Updated 3 days ago

Amblegrove Apartments

Details
APN 0410120000017
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,872
Units 16
Tenancy Vacant
Year Built 1960
Year Renovated 2026
Stories 2
Acreage 0.360
Investment Type Net Lease

Multifamily | 16 Units

Marketing description

Amblegrove Apartments is a fully renovated 16-unit multifamily community located in the Golfcrest submarket of Southeast Houston. The property offers investors the opportunity to acquire a repositioned asset with strong lease-up potential, attractive projected cash flow, and immediate access to several of Houston's largest employment and economic drivers.

The property consists primarily of spacious two-bedroom units and has undergone extensive renovations, positioning it competitively within the surrounding rental market.

Strategically located near I-45, Loop 610, the University of Houston, the Texas Medical Center, Hobby Airport, and the Port of Houston, the property benefits from exceptional connectivity to major employment hubs, retail corridors, and educational institutions. Houston's continued population growth, affordability advantages, and expanding logistics, healthcare, and energy sectors continue to support multifamily demand throughout the area.

In addition to the standalone acquisition opportunity, investors have the ability to acquire the adjacent Lancia Apartments, a recently renovated 22-unit multifamily property, creating a larger multifamily portfolio with increased scale, operational efficiencies, and expanded rental income potential.

Amblegrove Apartments presents a compelling opportunity for investors seeking a renovated small multifamily asset with projected stabilized income, strong renter demographics, and long-term appreciation potential in one of Houston's highly accessible infill submarkets.

Investment highlights

  • Fully renovated 16-unit multifamily community with extensive interior and exterior renovations that position the property for immediate lease-up, operational stability, and long-term value growth.
  • Prime Southeast Houston location with convenient access to Downtown Houston, the University of Houston, the Texas Medical Center, Hobby Airport, and the Port of Houston.
  • Lease-up opportunity with immediate value creation as all units are currently vacant, allowing investors to implement a full lease-up strategy at projected market rents without legacy tenant issues.
  • Adjacent portfolio expansion opportunity to acquire the adjacent Lancia Apartments, a renovated 22-unit multifamily property, creating a larger multifamily portfolio with increased operational efficiencies and scale.

Listing Contacts

RD
TX TX 9004042
Partners
MB
TX TX 663805
Partners
SL
TX 787298
Partners
Listed by Partners

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Additional Information

Name
Ryan DeGennaro
License
TX 9004042
Brokerage Phone
7133167059
Brokerage Address
5847 San Felipe Street
Name
Matt Bean
License
TX 663805
Brokerage Phone
713-303-5603
Name
Scott Lunine
License
787298
Brokerage
Partners Real Estate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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