14150 Tomball Parkway, Houston TX 77086
Costa Mesa is a 153-unit Class B asset in a gentrifying area in Houston with numerous value add opportunities. Within 2 miles there is an elementary school, Chick-fil-A, Kroger, Walmart, Aldi, McDonalds, Chase Bank, the Tomball Parkway, and the Sam Houston tollway. Current ownership has spent $2.9 MM of CapEx tastefully renovating the property and there is minimal deferred maintenance. $1.5 MM of Value Creation: 6 new leasable units at close + 2 units we can convert.
