Under Market Price - Infill Location - Houston, TX 376 Units Near Galleria - Houston Start Price - Current Price - Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Friday, August 22, 2008 End Time Sunday, September 21, 2008 Location Houston, TX See more about 'Under Market Price - Infill Location - Houston, TX' Description Cushman & Wakefield of Texas, Inc. Apartment Brokerage Services Division is pleased to announce the exclusive listing of Chaparral Villas in Houston, Texas.  This class C asset is situated within the Gulfton community, a southwest Houston   subdivision located just south of the Galleria that boasts sign ficant local job centers, as well as established entertainment and dining areas.  Built in 1972, the asset includes 376 units and is situated on 8.55 acres of land south of U.S. Highway 59 and west of the Interstate 610 Loop on Glenmont Drive. PROPERTY INFORMATION:• Gulfton submarket Class “C” asset built in 1972• Two identical 188-unit properties adjacently located• 91% of units are one-bedroom, one bath• Just south of State Highway 59 west of the 610 Loop• Easy commute to Houston’s Downtown, Galleria and Greenway Plaza   business districts • Within walking distance to Rodriguez Elementary School• Metro Park & Ride and bus service nearby INVESTMENT DRIVERS:Significant value enhancement opportunity      • Occupancy upside (currently 75%)    • Opportunity to create additional revenue by passing on        utility expenses to the tenants     • Ability to purchase asset at below market price per unit        and price per square footOutstanding location     • Gentrified infill location     • Strong regional employment    • Galleria district workforce housing To visit our listing or to sign the Confidentiality Agreements, please click below:  Confidentiality_Agreement http://listing.loopnet.com/15856534   For more information on this property or others like it, please email us at: walter.montague@cushwake.com   To visit our website, please visit us at: http://apartments.cushwake.com/houston   Place a Bid!