Katy Legacy_Property for Sale
Katy Legacy_Property for Sale
5103 Visionary Drive, Katy, TX, 77493, US

Katy Legacy

Asset description

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the unique opportunity to purchase a fee-simple interest in Katy Legacy (The “Property” or The “Asset”), a 177-home, fully amenitized BTR community ideally located in the Katy ISD, the #1 rated school district in the Houston MSA. Katy Legacy stands out from the competition with its differentiated and fully amenitized product. Located in a premier location within a high-growth market, the community benefits from surrounding demand drivers and offers a best-in-class experience with both community and unit amenities. Its proximity to employment centers, schools, retail, parks, and entertainment makes it a sought-after destination for renters. Additionally, the community thrives in an area experiencing remarkable population growth, with a 54.3% increase within a 3-mile radius since 2020. Investors will appreciate that Katy Legacy is zoned to the #1 school district in Houston, Katy ISD, with an A+ Niche.com rating, giving it an added appeal for families. With strong surrounding demographics, Katy Legacy benefits from a prosperous local market and tenant base. Its prime location off the Grand Parkway provides high visibility and accessibility, with approximately 80,000 vehicles passing daily. Katy Legacy presents investors with the unique opportunity to acquire a best-in-class BTR community in Houston’s top suburban market, all at a significant discount to replacement cost.

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Attributes

Units
177
Occupancy
75.1%
Year built
2024
Building area net
281,842 sf
Land area gross
28.22 acres

Media

Investment highlights

Differentiated, Fully Amenitized Product

  • Best-In-Class Community and Unit Amenities

Zoned to #1 School District in Houston

  • Katy ISD | A+ Niche.com Rating

Strong Surrounding Demographics Within a 1-Mile Radius

  • $135,349 Average Household Income
  • $382,684 Average Home Value

Premier Location in a High Growth Market with Surrounding Demand Drivers

  • Proximate to Employment Centers, Schools, Retail, Parks, and Entertainment
  • 48% Population Growth within a 1-Mile Radius Since 2020

Significant Discount to Replacement Cost

  • Over $400k/Home Estimated Replacement Cost

Highly Visible and Accessible

  • Conveniently located off the Grand Parkway with visibility from ~80,000 vehicles daily
Katy Legacy 4_Property for Sale
Katy Legacy 4_Property for Sale

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Last updated
Nov 18, 2024