Terracita Apartments
South Houston TX
CALL FOR OFFERS
Tuesday, May 16th
Property Overview
- OFFER PRICE MARKET
- TOTAL # OF UNITS 177
- YEAR BUILT 1972/2016
- TOTAL RENTABLE SF 145,922
- AVERAGE SF 824
- LOT SIZE (ACRES) 3.51
Investment Summary
Terracita Apartments is a 177-unit multifamily community located at intersection of S Allen Genoa RD and Shaver Rd in the city of South Houston, TX. Constructed in 1972 and situated on 3.51 acres, the gated, garden-style property is comprised of 14, two-story apartment buildings of wood frame construction with a combination of brick and vinyl panel siding and pitched roofs. Terracita Apartments offers seven spacious floor plans featuring one-, two-, and three-bedroom units and it has individual HVACs throughout the property.Interior amenities include kitchens equipped with upgraded appliances and granite-style countertops, wood plank flooring, and walk-in closets. The common areas feature a business center, laundry facilities, a swimming pool, and a new outdoor kitchen.
The property was significantly renovated in 2016 by the current owner, which resulted in the property being nominated as a 2017 Houston Apartment Association Property of the Year Finalist. The current owner has kept the property in excellent condition with minimal deferred maintenance and has improved the property by the addition of another rentable unit, creation of on-site laundry and surface repair to create additional parking. .
