Phoenician Apartments
2345 Bering Drive, Houston, TX, 77057, US
264 units
Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in The Overlook (the "Property"), a 260-unit/682-bed multifamily asset located in Nacogdoches, Texas. The Property enjoys a strategic location in close proximity to Stephen F. Austin State University, offering new ownership the flexibility to cater to both student and conventional housing markets. Built in 2007/2012, The Overlook offers spacious 2- and 3-bedroom floor plans, catering to a diverse resident base. The Property presents an excellent opportunity for investors to implement an expansive renovation program, including upgrades to unit interiors and exterior amenities, enhancing its appeal to students and families alike. This flexibility, combined with its prime location and value-add potential, offers investors multiple avenues for value creation and the ability to acquire a well-positioned asset at an attractive basis relative to replacement cost.
COMMUNITY AMENITIES
• Two Shimmering Pools
• 24-Hour Fitness Center
• 24-Hour Cyber Lounge included Free Printing
• 24-Hour Private Study Rooms
• Luxer One Package Locker System
• Expansive On-Site Dog Park
• Cozy Outdoor Fire Pit
• Inviting Sand Volleyball Court
• Relaxing Outdoor Courtyards & Lounge Areas
• 24-Hour Coffee Bistro With Cereal Bar
• Yoga Rooms & Fitness On Demand
• Convenient Indoor Tanning Room
UNIT FEATURES
• Spacious Floorplans
• Full Size Washer/Dryers In Every Unit
• Wood-Style Flooring
• Black Appliances
• Formica Countertops
• Natural Shaker Cabinets
• High-Speed Internet Included
• Fully Furnished With Modern Furniture Package