Park on Napoli_Property for Sale
Park on Napoli_Property for Sale
13802 Napoli Drive, Houston, TX, 77070, US

Park on Napoli

Asset Description

Jones Lang LaSalle (“JLL”) is pleased to present Park on Napoli, a best-in-class garden-style apartment community in Northwest Houston. This property enjoys an exceptional location within the Cypress-Fairbanks ISD, recognized as the #2 school district in Harris County. It is also conveniently situated near affluent neighborhoods in Northwest Houston, making it an attractive choice for residents. In addition to its prime location, Park on Napoli offers easy access to a wide range of retail and employment centers. The renowned Vintage Park Shopping Village is just a mile away, providing residents with a diverse selection of shopping and dining options. Furthermore, the community is in close proximity to numerous medical facilities and industrial distribution centers. Park on Napoli was built to the highest standards, showcasing exceptional community and unit amenities that guarantee an unparalleled living experience. Its superior quality is further affirmed by winning the prestigious 2023 HAA New Development of the Year award. With its impressive performance and potential for additional revenue generation and rent growth, acquiring Park on Napoli presents a rare opportunity to own a 2023-vintage property that offers solid, stable cash flow in a thriving submarket.

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Attributes

Number of units
239
Year built
2023
Building area net
203,389 sf
Land area gross
7.46 acres

Media

Investment Highlights

  • Best in Class Asset
  • Winner of the 2023 HAA New Development of the Year Award
  • Cash Flow and Revenue Generation Upside
  • Discount to Replacement Cost
  • Positive Property Level Performance
  • Northwest Houston Momentum
  • Zoned to Cypress-Fairbanks ISD, Harris County's #2 School District
  • With an Overall Niche.com score of A
  • Rent Growth Potential - Significant Discount to Home Mortgage with Income-Fueled Room to Grow
  • 43.5% Renter-Occupied Housing Units
  • $273,414 Average Home Values
  • Premier Location with Surrounding Demand Drivers
  • Proximate to Retail, Parks, Entertainment, Medical Facilities, and Employment Centers
  • Limited Nearby Upcoming Supply
  • 1 Property Under Construction, 1 Property Recently Opened
Park on Napoli 4_Property for Sale
Park on Napoli 4_Property for Sale

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Last updated
5 Jun 2024