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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.

pool
Candleridge Park
pet park
living room 3
coffee bar
living room
bedroom
living room 3
pool Candleridge Park pet park living room 3 coffee bar living room bedroom living room 3

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.

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