Oasis at Bellfort Apartments
Multifamily | 24 Units
Marketing description
Oasis at Bellfort presents the opportunity to acquire a fully renovated 24-unit multifamily community located in a rapidly improving area of South Houston. The property consists of three contiguous apartment buildings totaling approximately 22,300 square feet and features a highly desirable all 2-bedroom/1-bathroom unit mix.
Ownership has invested more than $1.4 million in capital improvements, transforming the property into a turnkey workforce housing investment with substantially reduced near-term capital expenditure requirements. Major building systems have been replaced or upgraded, allowing a new owner to focus on leasing, operations, and revenue growth rather than deferred maintenance.
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.
The property creates an opportunity for investors to capture future upside as occupancy and rents continue to mature. Oasis at Bellfort offers significant income growth potential while providing residents with affordable housing options near some of Houston's largest employment centers.
Investment highlights
- Over $1.4 Million in Capital Improvements
- Approximately $1,412,995 invested throughout the property
- Comprehensive renovation completed across all three buildings
- Significantly reduced near-term maintenance and capital expenditure requirements
- New TPO roofing systems
- New HVAC systems
- New electrical systems
- New plumbing systems
- New windows
- New appliances
- Spray foam insulation for improved energy efficiency
- 24 units
- All units are 2-bedroom / 1-bathroom floorplans
- Approximately 22,300 rentable square feet
- Floorplans appeal to families, roommates, and working professionals
- Revenue increased approximately 79% year-over-year during lease-up
- Current operations reflect ongoing stabilization
- 24-unit size qualifies for a broad range of agency, bridge, and conventional financing programs
- Asset size appeals to both private and institutional investors
- Three adjacent buildings operating as one investment
- Management and maintenance efficiencies compared to scattered-site portfolios
- Enhanced operational control and leasing efficiency
- Potential future assemblage opportunities with neighboring parcels
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