Contacts
Avison Young - US - TX - Houston
Property Details
- Property Type Other
- Property Size 104,900 SF
- Additional Rent Contact for pricing
- Date Updated Dec 17, 2024
Grove at Oak Forest is a 65 unit, individually platted build-for-rent community in the Oak Forest submarket of Houston,TX. This high growth market offer renters a best-in-class, single-family living experience with exceptional connectivity to nearby retail, entertainment, high quality schools, and employment drivers. The residences consist of 3 bedroom, 2.5 bath homes, with floor plans ranging from 1,236 to 1,894 sf, high end finishes and attached garages. The development is newly completed and now stabilized. The property offers investors a unique opportunity to acquire a build-for-rent community in one of Houston’s most desirable submarkets well below retail cost.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Unique opportunity to acquire a high-quality BFR property in the nations 4th largest city
- 65 units in a high-growth suburban location
- The community is fully built and stabilized with rent upside
- Limited supply of competitive rentals in market, and offered at a discount to retail pricing
- Seasonally-adjusted BFR/SFR rent growth on new leases has maintained over 10% growth over the last 4 quarters, with supply-side constraints supporting higher forward looking projected growth vs. traditional multifamily
Getting around
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Location
- City Houston, TX
- Neighborhood Oak Forest - Garden Oaks
- Zip Code 77018
- Market Houston
Points of Interest
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Northline Transit Center/HCC
4.24 miles
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Melbourne/North Lindale
4.50 miles
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Lindale Park
4.62 miles
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Cavalcade
4.79 miles
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Moody Park
5.08 miles
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Quitman/Near Northside
5.60 miles
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Fulton/North Central
5.61 miles
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Theater District (eastbound)
6.23 miles
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Theater District (westbound)
6.28 miles
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UH-Downtown
6.42 miles
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Valero
0.60 miles
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Shell
0.81 miles
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Corner Food Mart
0.84 miles
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Mobil
0.84 miles
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Phillips 66
0.88 miles
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Swift
0.94 miles
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Exxon
1.05 miles
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Blue Bell Express
1.08 miles
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Blink
2.95 miles
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ChargePoint
5.03 miles
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Northwest Transit Center Parking
2.62 miles
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West Sports Complex Parking Lot
3.07 miles
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East Sports Complex Parking Lot
3.15 miles
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Omni Houston Hotel Parking Garage
4.18 miles
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Northline Transit Center Parking
4.22 miles
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North Shepherd Park & Ride
4.27 miles
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Bayou Greenways Park Trailhead & Parking
4.57 miles
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AIG Parking lot
5.13 miles
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Quitman Park & Ride
5.60 miles
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Courtyard
0.77 miles
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SpringHill Suites
0.94 miles
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Baron Inn
0.95 miles
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Rodeway Inn
1.03 miles
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Sheraton
1.12 miles
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Days Inn
1.22 miles
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La Quinta Inn
1.23 miles
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Motel 6 Houston
1.52 miles
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Super 8
1.61 miles
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Scottish Inn
1.75 miles
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Ross
0.91 miles
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Burlington
0.93 miles
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TJ Maxx
0.95 miles
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Kroger
0.98 miles
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Hair Lovers Salon
1.03 miles
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El Rancho
1.21 miles
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dd's Discounts
1.31 miles
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ALDI
2.14 miles
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Fortune One Foods
2.17 miles
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H-E-B
2.37 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Avison Young - US - TX - Houston