- For Sale Contact for pricing
- Property Type Other
- Units 90
- Year Built 1983
- Date Updated Apr 23, 2024
- Website thetownhomesonthree.sharplaunch.com
The Townhomes on Three is a newly renovated 90-unit multifamily community located in the Webster / Clear Lake submarket of Houston, TX in Harris County. Built in 1983 and situated on 6.00 acres, the garden-style property is comprised of 15, two-story townhouse-style buildings with brick siding, flat roofs, and attached two-car garages. The Townhomes on Three offers spacious two- and three-bedroom residences with an open floor plan concept. Interior amenities include remodeled kitchens equipped with energy-efficient appliances, new plumbing fixtures, in-unit washers and dryers, and oversized private patios. The common areas feature a fitness center, resort-style swimming pool, and controlled gated access.
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Highlights
- Attractive assumable loan at 3.47% w/ 6 years remaining.
- 12 units have not been upgraded. Current owner has recently increased and proven 2-bedroom units at $1500 and 3-bedrooms at $1900. New owner could increase annual NOI by $151,800 on new leases and renewals.
- Median 3-mile household income is nearly $100,000.
- All 2-bedroom units have 2 covered parking spots directly in front of their unit and all 3-bedroom units have direct access to a 2-car garage. Current owner is not charging for parking.
- All units come with washer and dryers. New owner could increase other income by charging $50 a month. New owner could also increase O/I by incorporating valet trash.
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Contacts
Abraham Garza III
GREA
(713) 595-9582
Jordon Emmott
GREA
(713) 595-9584
Shayan Hasnain
(713) 595-9580
Location
Getting Around
-
Walk Score ®
Somewhat Walkable (59) -
Transit Score ®
Minimal Transit (15) -
Bike Score ®
Somewhat Bikeable (44)
- City Webster, TX
- Neighborhood Webster
- Zip Code 77598
- Market Houston
Points of Interest
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H-E-B Fuel
0.29 miles
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El Dorado Food Mart
0.31 miles
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Valero
0.36 miles
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Shell
0.55 miles
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Shell
1.08 miles
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Exxon
1.24 miles
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Valero
1.53 miles
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Shell
1.90 miles
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Valero
1.95 miles
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Chevron
1.97 miles
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El Dorado Park & Ride
0.84 miles
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Bay Area Park and Ride
1.34 miles
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Lot J
2.92 miles
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Visitor Parking
2.98 miles
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Lot G
3.04 miles
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Lot R
3.34 miles
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Lot A
3.37 miles
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Lot B
3.46 miles
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Lot C
3.51 miles
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Lot D
3.62 miles
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Jack in the Box
0.32 miles
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Panera Bread
0.32 miles
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Carl's Jr.
0.35 miles
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Taco Bell
0.43 miles
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Little Caesars
0.44 miles
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Subway
0.44 miles
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McDonald's
0.45 miles
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Chick-fil-A
0.47 miles
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Burger King
0.52 miles
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Sonic
0.59 miles
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Whitcomb Elementary School
1.04 miles
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Clear Lake Intermediate School
1.33 miles
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Clear Lake City Elementary School
1.69 miles
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Clear Lake Christian School
1.76 miles
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Galloway Upper School
1.78 miles
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Bay Area Montessori School House
1.80 miles
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C D Landolt Elementary School
1.82 miles
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Bruk Academy
1.87 miles
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John F Ward Elementary School
1.99 miles
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McWhirter Elementary School
2.04 miles
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Kids 'R' Kids
0.92 miles
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Belle's Little Angels
1.93 miles
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Pinebrook KinderCare
4.10 miles