The Southmore
US - Houston, Americas
233 units
Asset Description
The Villas at Tamarron is a newly constructed, stabilized 164-home community ideally located in the Katy ISD, the #1 rated school district in the Houston MSA. This highly accessible property is located just south of I-10 and just west Hwy 99, proximate to West Houston’s most affluent neighborhoods and top employment centers. With strong household income and elevated home values in the surrounding area, The Villas at Tamarron offers a compelling discount to home ownership, while maintaining significant rent growth potential. The Villas at Tamarron presents investors with a unique opportunity to acquire a brand new, best-in-class BTR community located in one of Houston’s hottest submarkets.
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Attributes
Number of units
164 units
Occupancy
49%
Year built
2023
Building area net
28,891 m²
Land area gross
9 ha
Media
Investment Highlights
- Best-In-Class, Institutional Quality Construction
- Zoned to Katy Independent School District
- #1 School District in the Houston MSA
- A+ Rating from Niche.com
- Great Schools Ranking: 10 / 9 / 7
- Strong Surrounding Demographics
- $440,792 Average Home Value
- $187,216 Average Household Income
- Within a 3-Mile Radius
- Significant Discount to Mortgage with Income-Fueled Path to Rent Growth
- 29% Discount to Owning a Comparable Home
- West Houston Population Growth
- 155% Population Growth Over the Last 30 Years
- Houston Metro Average of 86% Population Growth Over Same Time Period
- Premier Location with Surrounding Demand Drivers
- Proximate to Retail, Parks, and Entertainment
- Limited Nearby Upcoming SFR Supply Pipeline
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The Villas at Tamarron (0 Properties)
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Last updated
1 May 2024
