Ellis at Champions

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Ellis at Champions

Class: B
Year: 1982
Style: Garden Style

Acquired Date: December 2022
Address: 16339 Stuebner Airline Rd., Spring, TX 77379
Property URL: ellisatchampions.com

Investment Summary

Ellis at Champions is a garden-style multifamily community located in the popular Willowbrook/Champions submarket of Houston. The property is conveniently located near major highways 1960, 249, and the Sam Houston Tollway.

The community offers 1 & 2-bedroom apartments, that feature modern floor plans, trendy furnishings, in-unit washers/dryers, and a private patio or balcony. Residents will enjoy many community amenities like a fitness center, dog park, playground, and a new pool area.

Amenities

In-Unit Washer & Dryer Connections*
Black or White Appliances
White Cabinets with Brushed Nickel Hardware*
Two-Inch Custom Window Blinds*
Accent Color Paint Scheme*
Subway Tile Backsplash*
Faux Wood Flooring throughout*
Framed Mirrors*
Updated Lighting*
Private Patio or Balcony
Decorative Dining Room Mirror
*In Select Units

Community with Restricted Access Gates
Business Center w/WiFi
Coffee Bar
Resort Style Swimming Pool with Sundeck
Barbecue Area w/Pergola and seating
Playground
Professionally Landscaped Grounds
Laundry Facilities
Pet Friendly Community
Mature Shade Tree
Walking distance to Elementary, Middle, and High School

Business Plan

The strategy for this asset is to:

Renovations will include additional upgraded amenities to 78 units and a full upgrade to 96 units
The exterior will receive new paint and landscaping
The property will receive a full sign package, updated branding, and a new color pallet.
A dog park and fitness center will be added amenities
The property will receive a refresh pool area and upgraded clubhouse
Implement vertically integrated management to control expenses
Add additional improvements and amenities to common areas and unit interiors
Add new income through VIP Parking, washer/dryer rental package, increased RUBs and Pet Fees