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 Nov 4, 2024
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.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
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
-
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
-
Altic/Howard Hughes
4.17 miles
-
UH South/University Oaks
4.44 miles
-
Lockwood/Eastwood
4.71 miles
-
Convention District (westbound)
6.45 miles
-
Convention District (eastbound)
6.51 miles
-
Central Station Rusk
6.86 miles
-
Central Station Capitol
6.86 miles
-
Main Street Square (northbound)
6.95 miles
-
Main Street Square (southbound)
6.95 miles
-
Downtown Transit Center
6.97 miles
-
Citgo
0.50 miles
-
Valero
0.53 miles
-
Fuel Depot
0.55 miles
-
Pemex
0.56 miles
-
Checkpoint
1.51 miles
-
Chevron
1.57 miles
-
H-E-B Fuel
1.61 miles
-
Texaco
1.61 miles
-
Sunoco
1.62 miles
-
Tesla Supercharger
2.10 miles
-
Monroe Park and Ride
2.58 miles
-
Wally Park
2.85 miles
-
PreFlight Airport Parking
2.87 miles
-
Magnolia Park & Ride
3.13 miles
-
ERP Parking
3.68 miles
-
University Gateway Garage
4.25 miles
-
East Parking Garage
4.29 miles
-
Residential
4.33 miles
-
Residential Parking
4.34 miles
-
Visitor Parking
4.35 miles
-
Camelot Inn & Suites
1.44 miles
-
Moonlight Inn and Suites
1.56 miles
-
South Loop Inn
1.91 miles
-
Palace Inn Gulfgate
2.02 miles
-
Downtowner Inn and Suites
2.33 miles
-
Regency Inn And Suites
2.52 miles
-
Four Points by Sheraton Houston Hobby Airport
2.53 miles
-
Fairfield Inn & Suites Houston Hobby Airport
2.56 miles
-
Days Inn & Suites by Wyndham Downtown/University of Houston
2.58 miles
-
Red Carpet Inn Hobby Airport
2.64 miles
-
H-E-B
1.51 miles
-
Marshalls
1.55 miles
-
Ross
1.56 miles
-
Kroger
2.15 miles
-
Fiesta
2.22 miles
-
Coast Guard Exchange
2.23 miles
-
CGX
2.24 miles
-
Sellers Bros Food Market
2.72 miles
-
Walmart Supercenter
2.84 miles
-
El Ahorro Supermarket
3.17 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.
