View the embedded image gallery online at:
https://www.hipapt.com/opportunities/128-west-lodge#sigProId2b12046d33

WEST LODGE

Address:

4219 W. Baker Rd., Baytown, Texas 77521

Price:

Unpriced

Price / Unit:

N/A

Price / Square Foot:

N/A

Number of Units:

198

Avg Sq. Ft. / Unit:

676

Class:

"C+" Property

Type:

1979, 2 STORY, GARDEN STYLE APARTMENT COMMUNITY

Broker / Agent:

JIM HURD

Description:

INVESTMENT INFORMATION:

1) WEST LODGE - is a value enhancement opportunity. The property is being offered with Seller finanacing to qualified buyers or "All Cash" (buyer to acquire a new loan). Ask broker for details regarding Seller financing.

2) Location & Accessibility - West Lodge is a nice, well located, 198 unit apartment community with good upside post upgrades. The property is located in the city of Baytown, a sub-market of Houston, TX. Baytown is located approx. 23 miles east of downtown Houston and 11.5 miles southeast of the city limits of Houston in Harris County. The city is part of the Greater Houston-Sugar Land-Baytown metropolitan statistical area. The property is located near major employment centers in Baytown, Houston, Pasadena, and Channel View with ease of access to the city of Houston. Major employers within a few miles of the property include ExxonMobil, Port of Houston, Covestro, Borusan Mannesmann, Chevron Phillips Chemical Co., Methodist Hospital, Enterprise Products Partners, Lone Star NGL, Oneok and Cedar Port Industrial Park.

3) Strong Rent Growth - Possible Upside with continued interior and exterior upgrades. The market rents for the property are below its competition in the area. It is the broker's opinion that upon new move-ins and lease renewals a new owner should be able to see upside in the rents. In addition, it is also the broker's opinion that with continued interior upgrades and upgrading the existing amenities, the property could see further upside in the rents.

4) The clothes care centers on site are serviced by a third party vendor. The property is individual metered for electric and master metered for gas and water. The owner has a RUBS in place for Water.

Download attachments:

WEST LODGE OFFERING MEMORANDUM

Financials:

View Financials