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Chartwell Court
Class: B
Year: 1995
Style: Garden-Style

Acquired Date: December 2020
Address: 15100 Ella Blvd, Houston, TX 77090
Property URL: chartwellcourtapts.com

Investment Summary

Chartwell Court is a class B+ garden style apartment community constructed in 1995 near the desirable Woodlands and Spring submarkets. The property was well maintained with little deferred maintenance and had excellent potential to capture additional value through upgrading unit interiors, enhancing common areas, and implementing new, more efficient management. Almost all the interiors, 99% are considered “classic”, offer massive potential for upgrades to capture additional market value.

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Common area amenities

  • Sparkling swimming pool
  • Business center
  • Club house
  • Door to door valet trash service
  • 24-hour fitness center
  • Controlled access gates
  • Mail center
  • Extra parking

Interior Amenities

  • Walk -in closets
  • Fully equipped kitchens
  • 100% full size washer/dryers
  • 100% attached garages
  • 9-foot ceilings/crown molding
  • Fireplaces*
  • Separate dining area*
  • Private Patios/balconies
  • Extended driveways *
* In Select Units

Business Plan

The strategy for this asset is to sell or refinance the property within 3-5 years, while creating positive cash flow by implementing better, more efficient management, renovating units, and growing other income opportunities.

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