9402 Synott Rd, Houston, TX 77083

Summary:

The Multifamily Group is pleased to present the exclusive opportunity to acquire Synott

Square, a compelling value-add multifamily investment located in Houston, Texas. Built in 1983,

the property comprises 108 units with an average unit size of 760 square feet. The community

offers a mix of one- and two-bedroom floor plans, with two-bedroom units representing approximately 70% of the unit mix (76 units).

Synott Square is currently 96% physically occupied, with economic occupancy averaging 91%

over the trailing 12 months and improving to 93% in recent months as collections strengthened

and delinquency declined. The property also has an assumable loan with a balance of approximately

$6,376,772, an interest rate of 3.34%, and a little under five years remaining on the

term.

Location:

Synott Square is strategically located in west Houston, one of the city’s most established and

densely populated residential corridors. Positioned near the intersection of Highway-6 and the

Westpark Tollway, the property benefits from excellent connectivity to major employment centers

throughout the Energy Corridor, Westchase District, and Downtown Houston. Residents

enjoy convenient access to Interstate-69, and Beltway 8, allowing for easy commutes across

the Houston MSA.