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The Oaks of Kingwood

Class: B
Year: 1984
Style: Garden Style

Acquired Date: September 2024
Address: 3415 Havenbrook Drive, Kingwood, TX 77339
Property URL:  www.oaksofkingwoodapartments.com

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Investment Summary

The Oaks of Kingwood, is a 1984-constructed garden-style apartment community with tremendous value-add potential located in Kingwood, TX. The location truly provides a unique opportunity for an investor to own a large, garden-style asset in a core Houston area.

Amenities

  • In-Unit washer & dryer
  • Wood burning fireplace*
  • Private patio or balcony*
  • Wood vinyl floors
  • Spacious walk-in closets
  • Exterior patio storage closet*
    *In Select Units
  • Relaxing Pool & Spa
  • Community Clubhouse
  • Lush Landscaping
  • Mature Trees

Business Plan

The strategy for this asset provides a potential revenue gain by renovating and achieving premiums on classic units. 

  • The exterior will receive newly rebranded singage, landscaping, new exterior paint, package locker, a pool refresh and exterior lighting.
  • The property was rebranded and received a full new sign package, updated branding, and a new color pallet.
  • Implement vertically integrated management to control expenses

  • Add additional improvements and amenities to common areas and unit interiors

  • Add new income through reserved parking and increased RUBs and Pet Fees

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