Summary
The Graham is 446-unit community located in East Houston between Interstate 10 and Highway 90. From 2010 to 2020, the Houston population grew 11.10% within a three-mile radius and is projected to grow an additional 5.85% through 2025. Proximity to major thoroughfares provides tenants with easy access to Houston’s top employment centers.
PROPERTY OVERVIEW
– 446 Units
– Purchase Price: $40.5MM
– Year of Construction: 1976
– Class C Property
BUSINESS PLAN
– Perform a full renovation on 184 units.
– Lightly enhance the unit interiors of the remaining 262 units as needed.
– Add various amenities for tenants to enjoy.