Villa Nueva

Houston, TX

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Property Overview

Summary

  • Units 160
  • Year Built 1960
  • # of Buildings 12
  • Avg Rent/Sf $1.31
  • Avg Unit Size 850
  • Avg Rent $1,110
  • Price Market
  • Offering Terms All Cash / New Debt

Investment Summary

Villa Nueva Apartments offers a comfortable and convenient living experience in Houston’s thriving Northside/Northline neighborhood. This well-maintained community features spacious one-, two-, and three-bedroom floor plans with modern finishes, including luxury vinyl plank flooring, black appliances, and generous storage space.

Residents enjoy a variety of on-site amenities, including a swimming pool with a sundeck, a children’s playground, and a picnic area, providing the perfect setting for relaxation and recreation.

Situated in a convenient location, Villa Nueva Apartments offers easy access to The Heights, Independence Heights, Downtown Houston, The Houston Farmers Market, and popular dining spots. Major thoroughfares, including I-45, I-610, and Hardy Toll Road, as well as METRORail’s Red Line and multiple METRO bus stops, ensure seamless connectivity to the rest of the city.

With its desirable location, modern interiors, and community amenities, Villa Nueva Apartments presents a compelling opportunity for both residents and investors alike.


Investment Highlights

▶ Steady Occupancy & Upside: The property has high occupancy and includes 16 classic, 111 renovated, and 33 premium units. Upgrading units can drive rental increases, as demonstrated by past premium upgrades.

▶ Immediate Cash Flow: With stable income, manageable operating expenses, and favorable agency financing, this asset is well-positioned to generate strong initial cash flow.

▶ Over 2.6MM in Upgrades: HVAC, roofing, siding, Interior upgrades, appliances etc..
▶ Location: Located along I-45, the property offers easy access to employment, shopping, and dining. With essential services nearby and proximity to The Heights and Garden Oaks, the neighborhood's desirability is growing.

▶ Major Cost Savings on Property Insurance and GL Policies: As of March 2025 Insurance and GL Policies have been reduced by over $60,000, directly increasing the NOI and the property value for a new owner.

Location

Exclusive Advisors

Brokerage team

Jamie Harrington

Jamie Harrington

Senior Managing Director
GREA
713.595.9581
Travis Clark

Travis Clark

Director
GREA
713-595-9583
Abraham Garza III

Abraham Garza III

Founding Partner
GREA
713-595-9582
Jordon Emmott

Jordon Emmott

Founding Partner
GREA
713-595-9584
Shayan Hasnain

Shayan Hasnain

Founding Partner
GREA
713-595-9580