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|Number of units||687|
The Alora and The Ellis are garden-style, workforce housing communities with close-in locations two miles from one another near Houston’s urban core. Both communities offer consistent cash flow and interior value-add opportunities. Current ownership has successfully repositioned the communities and addressed deferred maintenance, allowing new ownership to focus on rent and income optimization. The Alora and Ellis are available together or separately.
- 100% units with white appliances
- Increase other income with parking and valet trash fees
- Add washer/dryer connections
- Repurpose underutilized clubhouse spaces
- Renovated comps achieving higher rents
- Infill locations - 300K+ to 400K+ jobs within five-mile radius
- No Class A supply in submarket
- Located in Qualified Opportunity Zone