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.

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 *

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.