13222 Champions Centre Dr | Houston, TX 77069
Built in 1994, Champions Centre is a 192-unit, low-density garden-style community located in the affluent Champions submarket of Northwest Houston, offering a compelling blend of operational stability and in-place cash flow with a clearly defined, market-validated value-add program. New ownership can capitalize on a proven renovation strategy, while maintaining an all-in basis well below replacement cost.
Current rents are at a discount to both renovated 1990s vintage comparables and new construction, providing a clear mark-to-market opportunity supported by limited new supply. Surrounded by high-income demographics, a significant premium to homeownership, and over 400,000 jobs within a 10-mile radius, Champions Centre presents an attractive opportunity for both yield-oriented and return-driven investors to drive NOI growth and long-term appreciation in one of Houston’s most established residential corridors
Price
Market
Terms
All Cash
Year Built
1994
Total Acreage
7.76
Total Units
192
Total SF
164,480
Avg Unit SF
857
Avg Rent/Unit
$1,159
Avg Rent/SF
$1.35
Leased
96%
Occupied
94%
Investment Highlights
Valuation Creation with Proven Premiums
- Clear path to increase rental income with ability to upgrade 92% of units to “Platinum” standard
- Platinum units achieving $150–$200 premiums with strong demand and waitlists
- Add washers and dryers to all units (100% connections)
- Increase fees on detached garages
- Implement a bulk cable WiFi contract and add package lockers for ancillary income growth
Market Support for Higher Rents
- $2M of recent capital improvements completed, positioning the asset for continued NOI growth under new ownership
- 94% average occupancy over 24 months with low delinquency and retention rates of 60%+ consistently (80% in March and April)
- $199 rent gap to renovated 1990s comps and $408 below new construction, providing a clear mark-to-market opportunity
- Limited competitive pressure with only one market-rate property under construction within three miles and 2%–4% projected annual rent growth
Key Demand Drivers for Value Appreciation
- Zoned to A-rated Cypress-Fairbanks ISD, the #1 school district for athletes in Harris County and #2 school district overall, according to Niche
- $90K–$103K average household incomes and $428K average home values in the area, creating a 251% premium to own
- Convenient access to123K jobs within 5 miles and 414K jobs within 10 miles
- Within 15 minutes of two concentrated job creation hubs in Willowbrook, anchored by Methodist Willowbrook Hospital (2K+ jobs) and a $1B+ new U.S. Hub for advanced AI-hardware manufacturing anchored by Apple, Foxconn, and NVIDIA (3K+ jobs)
- Major employment hubs within 30 minutes include Tomball (13K+ jobs), CityPlace (21k+ jobs), The Woodlands (71k+ jobs), and Bush IAH (141K+ jobs)
- Houston ranks #2 nationally for near-term population growth (2026 to 2030) and #2 for job creation over the same timeframe, according to Moody’s Analytics
The Location
Photo Gallery
Community Amenities
Unit Amenities
Contact Us
BERKADIA HOUSTON
2229 San Felipe , St #1600
Houston, TX 77019
+1 (713) 974-1300
Berkadia.com/commercial-real-estate-houston
Investment Sales
JOEY RIPPEL
Managing Director
601.919-5155
[email protected]
TX CRE #654288
CHRIS CURRY
Senior Managing Director
713.553-0151
[email protected]
TX CRE #566750
JEFFREY SKIPWORTH
Managing Director
214.533-3322
[email protected]
TX CRE #560404
CHRIS YOUNG
Managing Director
972.743-5742
[email protected]
TX CRE #630674
KYLE WHITNEY
Senior Director
713.724-1456
[email protected]
TX CRE #658451
JED DALTON
Associate Director
832.314-5078
[email protected]
TX CRE #787068
TUCKER FAMA
Associate Director
281.923-3856
tucker.fama@berkadia.com
TX CRE #9002106
JACK NEVIL
Financial Analyst
832.457.9734
[email protected]
TX CRE #842558
Mortgage Banking
Brad Williamson
Managing Director
+1 (786) 646-2580
[email protected]
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