Gables River Oaks_Property for Sale
Gables River Oaks_Property for Sale
Kipling Street 2724, Houston, TX, 77098, US

Gables River Oaks

Asset Description

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in Gables River Oaks (The “Property” or The "Asset"), a 302-unit concrete construction apartment complex in the heart of Houston's most desired neighborhood, River Oaks. This Asset is ideally located on Kipling Street just west of Kirby Drive, which is walkable to Houston's most prestigious destinations, popular employment centers and top tier retail and entertainment concepts. Completed in 2014, Gables River Oaks' exceptional quality, best-in-class finishes and prime location presents a one-of-a-kind opportunity to invest in Houston’s best submarket at a discount to replacement cost. The Property is well positioned to experience significant rent growth due to the elevated average household incomes and home values in a one-mile radius.

...

Attributes

Number of units
302 units
Occupancy
96%
Year built
2014
Building area net
285,913 sf
Land area gross
2.20 acres

Media

Investment Highlights

  • Best-in Class Asset
  • High-Quality Concrete Construction
  • Located in the Heart of Houston's Most Affluent & educated Demographics
  • $176,855 Average Household Income
  • 87.4% College Educated
  • Potential to Significantly Increase Market Rents
  • Rent Growth Potential - Significant Discount to Mortgage with Income-Fueled Room to Grow
  • 62.4% Renter-Occupies Housing Units
  • $943,624 Average Home Values
  • Premier Location within 3.5-miles of Texas Medical Center, Galleria, Greenway Plaza, and Downtown
  • Proximate to Employment, Retail, Parks, and Entertainment
  • Discount to Replacement Cost
  • Limited Urban Upcoming Supply
Gables River Oaks 4_Property for Sale
Gables River Oaks 4_Property for Sale

Contact brokers

Gables River Oaks (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
12 Mar 2024