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Perla Portfolio

2 Residential Properties in Houston, TX

Investment Highlights

  • Impressive recent conversion from hotels to conventional multifamily
  • Unit upgrades include hardwood flooring, chic all-electric kitchens and upgraded lighting.
  • Only 2 multifamily property under construction within a 5-mile radius of (Perla 249).
  • Elevator-served floors with air-conditioned corridors, luxury resident lounge, business center and 24/7 fitness center.
  • On-site laundry facility, extra storage, and 4 car charging stations (Perla 249).
  • only 1 multifamily property under construction within a 5-mile radius of (Perla 1960).

Executive Summary

Perla 249 and Perla 1960 are two newly renovated multifamily communities providing residents quality workforce housing with a much better experience than older properties with similar rents. Both are conveniently located minutes from SH 249 and the Sam Houston Parkway/Beltway 8 in northwest Houston.
Community amenities at Perla 249 include a shimmering swimming pool, resident lounge area with coffee bar and fireplace, business center, state-of-the-art fitness center, outdoor kitchen with barbecues, elevator, air-conditioned corridors, laundry facility, mobile keyless entry, electric car charging stations and beautiful landscaping. There are 77 units with studio, one bedroom and two bedroom floor plan options. Units features an all-electric kitchen with range, refrigerator, dishwasher and microwave, hardwood-style floors, updated lighting, ceiling fans, mini-blinds and extra storage.
Perla 1960 consists of 83 units with studio and one bedroom floor plan options. Units feature an all-electric kitchen with range, refrigerator, dishwasher and microwave, updated lighting, ceiling fans, curtains and extra storage. Some units also have hardwood-style floors, walkin closets, and some are fully-furnished. Community amenities include a shimmering swimming pool, resident social lounge, business center, state-of-the-art fitness center, picnic area with barbecue, dog walking station, elevator, air-conditioned corridors, laundry facility, mobile keyless entry and beautiful landscaping.
There are strong 2024 area demographics within a 5 mile radius including average household income of $113,208 for Perla 249 and average household income of $105,957 for Perla 1960.
The properties can be purchased together or separately.

Property Facts

Sale Conditions Portfolio Sale
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 2
Total Building Size 175,243 SF
Total Land Area 4.26 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Perla 1960
8719 Farm To Market 1960 Rd W, Houston, TX 77070
Residential 75,243 SF 2022 -
Perla 249
18828 State Highway 249, Houston, TX 77070
Residential 100,000 SF 2020 -
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  • Listing ID: 33379833

  • Date on Market: 02/10/2024

  • Last Updated:

  • Address: Perla Portfolio, Houston, TX

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