Banyan Kingsland Heights_Property for Sale

4104 Scarlet Oak Ln, Brookshire, TX, 77423, US

Banyan Kingsland Heights

Asset Description

Kingsland Heights is a class-A community consisting of 97 homes conveniently situated within the highly sought after Katy ISD, the #1 rated school district in West Houston. The property’s strategic location just south of I-10 and minutes away from State Highway 99 offers it’s residents a short commute to the affluent neighborhoods and major employment centers of West Houston. The Katy/Cinco Ranch/Waterside sub-market has experienced significant growth over the past nine months with a rental rate growth of 7.1%. Additionally, over 1,248 units have been absorbed since January of this year, indicating a high demand for rental properties in the area. The strong average household incomes and home values within a one-mile radius of the community further contribute to its potential for rent growth. As one of the newest properties in the sub-market, Kingsland Heights presents an opportunity for investors to acquire a high-quality product with strong rental upside.

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Attributes

Number of units

97 units

Occupancy

98.00%

Year built

2021

Building area Gross

15,401 m²

Land area Gross

1.62 ha (16,187 m²)

Call for Offers

09/10/2023

Media

Investment Highlights

Institutional Quality Construction
- Homes constructed by Ashton Woods, leading national home builder
Robust and Well-Educated Labor Force within a 3-Mile Radius
Rent Growth Potential – Significant Discount to Mortgage with Income-Fueled Room to Grow
- $372,454 Average Home Values
- 16.8% Renter-Occupied Housing Units
Zoned to Katy Independent School District
- #1 School District in the Houston area
- Ranked #12 in all of Texas, achieving an A+ rating from Niche.com
Strong Surrounding Demographics (1-mile)
- $157,802 Average Household Income
- 66% of population earns over $100k
Highly accessible off Interstate 10, minutes from State Highway 99