6701 FM 1960 West, Houston, TX, 77069, US

Prose Champions

Asset description

Prose Champions is a 360-unit, brand-new construction community ideally located within Cypress-Fairbanks ISD, Harris county’s #2 school district, proximate to

northwest Houston’s most affluent neighborhoods and top employment centers. This highly accessible property is located directly on FM 1960 just minutes from

Highway 249, allowing for unparalleled connectivity across the city. The Willowbrook/Champions/Ella submarket has experienced significant growth over the

last twelve months, achieving 6% in rental rate growth. With strong surrounding average household incomes and home values in a one-mile radius, this unique

product is poised for significant rent-growth potential. As the newest product in the submarket, Prose Champions offers investors a chance to acquire brand-new, institutional-quality product in one of Houston’s most coveted suburban neighborhoods with rental upside.

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Attributes

NOI

$2,943,000

Media

Investment highlights

Zoned to Cypress-Fairbanks ISD, the #2 school district in Harris County
Newest construction deal with no impending supply in the submarket
Nearing Stabilization: Strong lease-up Averaging 24 leases / month since December 2021
- Averaged 35 net leases through Summer 2021
At the intersection of Northwest Houston’s most favored neighborhoods- Willowbrook, Vintage Park & Champions
Prolific industrial submarket due to accessibility and continual job and population growth
Affluent surrounding demographics - $108k average HHI & $336k average home values in a one-mile radius