Capstone is pleased to present Garner Park: a 1963
vintage, classic value-add asset in Pasadena, Texas a suburb of Houston. Garner
Park (53 units) represents phenomenal potential to investors seeking entry into
the resilient Southeast Houston multi-family market. In addition, Garner Park
is currently being self-managed, which allows for upside in hiring a
professional 3rd party management team. The property is poised for a value-add
program, which if completed, could procure new ownership a +22% ROI
respectively. Current ownership has done much of the heavy lifting, having
recently completed multiple significant CapEx investments; thus, allowing new
ownership to enjoy minimal deferred maintenance throughout ownership.
Additionally, the property is strategically located within the Southeast
Houston Submarket, with an abundance of employment opportunities and unmatched
connectivity to various interstate highways.