Contacts
Abraham Garza III
GREA
Jordon Emmott
GREA
Shayan Hasnain
GREA
Ryan Armstrong
GREA
Property Details
- Property Type Other
- Units 90
- Additional Rent Contact for pricing
- Year Built 1965
- Date Updated Sep 14, 2024
- Website villasatparkplace.sharplaunch.com
Villas at Park Place Apartments is a 90-unit property located on Park Place Road, east of I-45 and south of the 610 Loop. This property, consisting of 9 brick buildings with flat and pitched roofs, offers 1-bedroom/1-bathroom and 2-bedroom/1-bathroom units. Built in 1960 and 1965, around 10% of the units were moderately upgraded in 2020. On-site amenities include a property management office and laundry facilities, with space available for additional features like a playground and covered parking. Its prime location provides easy access to major employment, educational, shopping, and dining destinations: Downtown Pasadena is 4.7 miles east, downtown Houston is 8.9 miles northwest, the University of Houston is 6.1 miles northwest, and William P. Hobby Airport is 3.3 miles south.
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Highlights
- Approximately 10% of interiors have been upgraded, allowing a proven value add program for a new owner to complete, upgraded units are achieving $150 premiums compared to classic units.
- The property is available for either an all-cash purchase or the assumption of the current loan.
- 66% of the units are designed as 2-bedroom layouts, offering ample living space with an average unit size of 919 square feet.
- Strong rental area within 2.8 miles from William P. Hobby Airport. Major thoroughfares include Interstate-45 and 610 Loop making for easy access to Central Business District, Medical Center, NRG Stadium and Galleria.
- The property is priced at a low basis, below replacement cost, providing potential buyers with a valuable investment opportunity and significant cost savings.
Attachments
Getting around
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34/100
Walk Score ®
-
34/100
Transit Score ®
-
35/100
Bike Score ®
Location
- City Houston, TX
- Neighborhood Park Place
- Zip Code 77017
- Market Houston
Points of Interest
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Cesar Chavez/67th Street
3.49 miles
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MacGregor Park/Martin Luther King, Jr.
4.07 miles
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Leeland/Third Ward
5.32 miles
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Coffee Plant/Second Ward
5.36 miles
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Convention District (westbound)
6.45 miles
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Convention District (eastbound)
6.51 miles
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Main Street Square (northbound)
6.95 miles
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Main Street Square (southbound)
6.95 miles
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Bell
6.96 miles
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UH-Downtown
7.03 miles
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Shell
1.19 miles
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Shell
1.52 miles
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Chevron
1.57 miles
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H-E-B Fuel
1.61 miles
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Valero
1.88 miles
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Shell
1.90 miles
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Shell
1.91 miles
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Exxon
1.94 miles
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Phillips 66
2.05 miles
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Chevron
2.07 miles
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Monroe Park and Ride
2.58 miles
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Wally Park
2.85 miles
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PreFlight Airport Parking
2.87 miles
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Magnolia Park & Ride
3.13 miles
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ERP Parking
3.68 miles
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University Gateway Garage
4.25 miles
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East Parking Garage
4.29 miles
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Residential Parking
4.33 miles
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Visitor Parking
4.35 miles
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Residential
4.37 miles
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Camelot Inn & Suites
1.44 miles
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Moonlight Inn and Suites
1.56 miles
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Palace Inn Gulfgate
2.02 miles
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Downtowner Inn and Suites
2.33 miles
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Four Points by Sheraton Houston Hobby Airport
2.53 miles
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Fairfield Inn & Suites Houston Hobby Airport
2.56 miles
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Days Inn & Suites by Wyndham Downtown/University of Houston
2.58 miles
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Red Carpet Inn Hobby Airport
2.64 miles
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Americas Best Value Inn-Houston/Hobby Airport
2.74 miles
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Lee's Inn Motel
2.79 miles
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H-E-B
1.51 miles
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Marshalls
1.55 miles
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Ross
1.56 miles
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99 Cent Only Store
2.01 miles
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99¢ Only
2.07 miles
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Kroger
2.15 miles
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Fiesta
2.22 miles
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Coast Guard Exchange
2.23 miles
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CGX
2.24 miles
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Sellers Bros Food Market
2.72 miles
In-Depth Research Available for this Property
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.
