The Verandah at LakePointe_Actifs en vente
The Verandah at LakePointe_Actifs en vente
8300 FM 1960 Rd E, Humble, TX, 77346, US

The Verandah at LakePointe

Description de l'actif

Jones Lang LaSalle (”JLL”) is pleased to exclusively present the opportunity to acquire The Verandah at Lake Pointe, a 208-unit, 3-story walk-up garden-style community located in the Lake Houston/Kingwood submarket of Houston. The Property is situated on FM 1960 East, in Houston’s Atascocita neighborhood, and is just steps away from beautiful Lake Houston. The Property offers residents a recently renovated state-of-the-art fitness center, resort-style pool and unparalleled access to parks, Lake Houston, and various golf courses. All units feature full-size washer-dryers, oversized balconies with storage closets, 9-foot ceilings, and the unit mix is excellently positioned for families as 46% of units are 2 bedrooms-2 baths. The Property is in Humble ISD, one of Harris County’s top school district with a A- rating. Originally constructed in 1998, The Verandah at Lake Pointe has been excellently maintained by current ownership for almost 25 years and offers current investors a near ‘blank slate’ opportunity to execute an interior renovation program to compete with newer properties. Paired with the value-add opportunity is the opportunity to take in-place leases to current market levels achieved at comparable properties by implementing revenue management systems – within a 3-mile radius, competing properties are averaging over 20% higher rents than The Verandah at Lake Pointe.


Caractéristiques de l'actif

Nombre d'unités
208 Unité de mesure
94,00 %
Année de construction
Surface de l'actif Net
17 047 m²


Points clés d'investissement

  • Material Value-Add Potential Through Renovations on 93% of the Units
  • Mark to Market Rent Growth
  • Proximate to Outstanding Retail Demand Drivers
  • Significant Premium to Own Versus Rent in Humble Due to Elevated Home Prices
  • Zoned to Humble ISD, the #4 School District in Harris County
  • Affluent Surrounding Demographics - $143k Average HHI & $316k Average Home Values in a Five-Mile Radius  

The Verandah at LakePointe 4_Actifs en vente
The Verandah at LakePointe 4_Actifs en vente

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Dernière mise à jour
16 mai 2023