Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement I accept the confidentiality agreement

Attributes

Year Built 1970
Building Area
Land Area
Number of units 687

Property Description

The Alora and The Ellis are garden-style, workforce housing communities with close-in locations two miles from one another near Houston’s urban core. Both communities offer consistent cash flow and interior value-add opportunities. Current ownership has successfully repositioned the communities and addressed deferred maintenance, allowing new ownership to focus on rent and income optimization. The Alora and Ellis are available together or separately.  

Investment Highlights

  • 100% units with white appliances
  • Increase other income with parking and valet trash fees
  • Add washer/dryer connections
  • Repurpose underutilized clubhouse spaces
  • Renovated comps achieving higher rents
  • Infill locations - 300K+ to 400K+ jobs within five-mile radius
  • No Class A supply in submarket
  • Located in Qualified Opportunity Zone
Last Updated Date: 27 Jul 2020
Joey Rippel
Joey Rippel
Senior Director, Capital Markets
License details
TX-654288
Christopher Young
Christopher Young
Senior Director, Capital Markets
License details
TX-630674

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+84869421324
Last Updated Date: 27 Jul 2020

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.