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5455 Timber Creek Place Dr
Houston, TX 77084
Verandas at Bear Creek · Build-to-Rent Property For Sale
·
160 Units
PROPERTY FACTS
| No. Units | 160 | Property Size | 140,861 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1982/2015 |
| Costar Property Class | C | Parking Allocation | 1.91/1,000 sq ft |
| Total Plot Size | 4.52 ac | ||
| Use Class | MFR | ||
| No. Units | 160 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 4.52 ac |
| Property Size | 140,861 sq ft |
| Average Occupancy | 90% |
| No. Floors | 2 |
| Year Built/Renovated | 1982/2015 |
| Parking Allocation | 1.91/1,000 sq ft |
| Use Class | MFR |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Wooden Floors
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
- Pool
- Property Manager on Site
- Walking/Biking Trails
- Online Services
ABOUT 5455 TIMBER CREEK PLACE DR , HOUSTON, TX 77084
**Motivated Seller** Verandas at Bear Creek is a 160-unit multifamily asset located between master-planned communities, Bear Creek and Copperfield, in northwest Houston, Texas. The property was built in 1982. In 2015 Verandas received an extensive renovation to the exteriors, amenities, and 145 unit interiors. 15 unit interiors remain non-renovated. This renovation included; complete exterior paint, new 30-year dimensional shingle roofing, repaired or replaced fencing, the addition of lush landscaping, swimming pool improvements, and leasing office renovations (wood floors, new lighting, new windows, doors, tile on outside entrance). Unit interiors received new plank vinyl floors, carpeting, windows, blinds, all black appliances, bathroom tubs, fixtures, travertine tile, shower faucets, door knobs, electrical outlet covers, tile around fireplaces/ entrances and two-tone paint. The property offers studios and 1 to 2 bedroom floorplans ranging from 535 to 864 square feet. Occupancy is currently at 95% (September 2018). Located on Timber Creek Place Ln. , immediately east of Highway 6, the property receives an average daily traffic count of over 7,300+ vehicles. Residents are 5 miles from Houston’s Energy Corridor with over 20MM square feet of office space and 91,000 employees. Other major employers nearby include; Toshiba International Corporation Headquarters (2.8 miles), Dril-Quip Inc. (3.0 miles), BP Corporation (6.3 miles), Morrison Energy (6.5 miles), and Conocophillips (6.5 miles). The area offers an abundance of retail centers and entertainment venues such as: Copperfield Village (1.9), Top Golf (5.6 miles), Yorktown 15 Carmike Cinemas (0.9 mile) and West Oaks Mall (8.9 miles).
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 48 | - | 535 |
| 1+1 | 40 | - | 645 - 664 |
| 2+1 | 16 | - | 748 |
| 2+2 | 56 | - | 864 |
PROPERTY TAXES
| Parcel Number | 1151370000017 | Improvements Assessment | £10,244,653 |
| Land Assessment | £1,184,398 | Total Assessment | £11,429,052 |
PROPERTY TAXES
