Luxury Apartment Community for Sale in Houston Listing Details & Market Data

Luxury apartment community for sale at 10770 Barely Lane in Houston, Texas. Oak Grove consists of 272 units, was built in 2004, and is priced significantly below replacement cost with great upside opportunity in operations.

Visit our property website to view investment details and request the offering memorandum. 

This garden style community was built with Limestone and Hardieplank construction and is a fantastic turnkey investment with future value-add potential. Situated at the end of a cul-de-sac, Oak Grove has a tranquil community feel but benefits from immediate access to major freeways.

The units feature nine-foot ceilings, walk-in closets, and full-size and stackable washers and dryers. The interiors of 124 units recently received significant upgrades, and the new owner has the opportunity to refresh the remaining 148 units.

Community amenities include a modernized clubhouse, state-of-the-art fitness center, and resort-style pool. Plus, Oak Grove is a fully-gated, secure property with storage units, covered parking and private garages. The property’s age, interior finishes, amenity packages, location, demographics ($108,556 average household income within five miles), and rent comps at an average of $226 more per month (with select comps as high as $271) suggest an exceptionally strong investment with significant value-add opportunities.