CANDLERIDGE PARK

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CANDLERIDGE PARK

Class: B
Year: 1995
Style: Garden-Style

Acquired Date: August 2019
Address: 1601 Wooded Pine Dr. Houston, TX 77073
Property URL: candleridgeparkapts.com

Investment Summary

Candleridge Park is a well-maintained 128-unit suburban garden product in North Houston. Located along the I-45 corridor, the property offers convenient access to major employment centers such as Springwoods Village, The Woodlands, and George Bush Intercontinental Airport. Located in a strong submarket surrounded by affluent demographics, Candleridge Park property was built in 1985 and features one and two-bedroom units.

Common area amenities

Pet Play Area
Curbside Trash Pickup
Laundry Facility
Pet Washing Station
Planned Social Activities
Business Center
Grill
Picnic Area
Sundeck
Swimming Pool
Playground
Maintenance On-Site

Interior Amenities

Smoke Free
Security System
Patio/Balcony
Pantry
Ceiling Fans
Tile Floors
Window Covering
Walk-In Closets
Hardwood Floors
Carpet
Vinyl Flooring
Fireplace
Framed Mirrors
Washer/Dryer Hookup
Tub/Shower

* In Select Units

Business Plan

At takeover, only 2 units of the 128 total units had received upgrades. The plan is to continue to upgrade units allowing for new rent increases. Additionally, our in-house management team will work to improve operations and improve the common area amenities.