Oakwood Villa

Houston, TX

Property Overview

Summary

Units 284
Year Built 1977
# of Buildings 25
Avg Rent / SF $1.15
Avg Unit Size 895
Avg Rent $1,035
Price Market
Offering Terms All Cash

Investment Summary

Oakwood Villa Apartments is a 284-unit garden-style community located at 6201 W Bellfort Ave in Houston, TX, within the Westbury are. This area offers a balanced urban-suburban lifestyle, attracting families and young professionals with its residential charm and convenient access to key amenities. The community is known for its diversity, inclusive atmosphere, and active local events.

Residents benefit from nearby shopping options like Meyerland Plaza and Westbury Square, as well as green spaces such as Willow Waterhole Greenspace Conservancy and Brays Bayou Greenway Trail, which provide outdoor recreation. The property is well-connected via METRO Bus routes, offering easy access to central Houston, including the Texas Medical Center, one of the largest healthcare complexes in the world.

Everyday conveniences include grocery stores like HEB and Fiesta Mart, while dining options range from Cajun seafood at Pappadeaux to Mediterranean cuisine at Fadi’s. With strong visibility along West Bellfort Avenue and proximity to major roads, Oakwood Villa Apartments provides residents with a well-rounded living experience in one of Houston’s established neighborhoods.

Investment Highlights

• Long term ownership of nearly 20 years

• Strong, blue-collar rental sub-market in southwest Houston on a major thoroughfare between Hillcroft Ave and Fondren Rd.

• Good in-place cashflow. Property consistently maintains 90% or higher occupancy.

• No “Other Income” streams are currently implemented aside from covered parking, creating numerous opportunities to further increase revenues (potentially over $400K). Examples include implementing RUBS, laundry income, pet rent, technology package, etc.

• Downstairs units have ceramic tile throughout; upstairs have laminate faux wood flooring. Granite countertops in all units. Approximately 90 units have W/D connections. 100% of the interiors could be upgraded to a higher standard with a potential ROI to support doing so.