Glenview Apartments | Prime Multifamily Investment | 8311 Winkler Drive, Houston, TX 77017
🏢 Glenview Apartments | 💰 Prime Multifamily Investment | 8311 Winkler Drive, Houston, TX 77017
✨ Property Overview
📍 Location: Conveniently located in Houston, TX, near major highways, employment hubs, and local attractions.
🏠 Key Features
Units: 202
Unit Mix: 1, 2, 3, and 4-bedroom floor plans.
Individually Metered: Reduces utility expenses for the owner.
Cap Rate: 8% offered by the owner.
💰 Price: $16M (Seller Financing NOT accepted).
🌟 Unit Mix & Rents
🛌 1-Bedroom Apartments:
Average Rent: $900–$990/month
🛌 2-Bedroom Apartments:
Average Rent: $1,245–$1,295/month
🛌 3-Bedroom Apartments:
Average Rent: $1,410/month
🛌 4-Bedroom Apartments:
Average Rent: $1,510/month
📊 Financial Analysis
1. Potential Gross Income (PGI):
Assuming average rents and full occupancy:
Monthly Rent Income:
(50 x $950) + (80 x $1,270) + (50 x $1,410) + (22 x $1,510) = $228,640
Annual Rent Income:
$228,640 x 12 = $2,743,680
2. Effective Gross Income (EGI):
Factoring in a 5% vacancy rate:
Vacancy Loss: 5% x $2,743,680 = $137,184
EGI: $2,743,680 - $137,184 = $2,606,496
3. Operating Expenses:
Assume typical multifamily expenses at 40% of EGI:
Operating Expenses: 40% x $2,606,496 = $1,042,598
4. Net Operating Income (NOI):
NOI = EGI - Operating Expenses = $1,563,898
5. Property Valuation at an 8% Cap Rate:
Value = NOI / Cap Rate = $1,563,898 / 0.08 = $19,548,725
🏊 On-Site Amenities
✅ Swimming Pool
✅ Laundry Facility
✅ Covered Parking
✅ Playground for Kids
✅ On-Site Management 👩💼
📍 Nearby Comparables
The Oaks of Normandy
Location: 600 Normandy St, Houston, TX
Rent Range: $850–$1,250
The Reserve at Windmill Lakes
Location: 9898 Windmill Lakes Blvd, Houston, TX
Rent Range: $1,100–$1,600
📣 Call to Action
🔑 Unlock this multifamily investment opportunity today! POF required to get access to financials.
📞 Contact JNA Dynamic Holdings LLC: 469-949-3363
📧 Email: [email protected]
📅 Schedule a property tour or request detailed financials now!
💼 Office Hours:
Mon - Fri: 9:00 AM - 6:00 PM
Sat - Sun: Open by appointment
📄 View Brochure & Financials
🔗 Request Information
✨ Don’t miss this chance to acquire a cash-flowing multifamily asset at an attractive cap rate! 🌟
