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houston, tx office
2229 San Felipe, Ste 1600
Houston, TX 77019 (713) 974-1300 | Berkadia.com
ESTEE IBÁÑEZ
AVP, Financial Analysis (713) 469-4512 estee.ibanez@berkadia.com
TX CRE #687201
CHRIS POLLARD
Managing Director
Mortgage Banking
(214) 360-3839 chris.pollard@berkadia.com
JASON RICE
Senior Managing Director
Mortgage Banking
(214) 360-3811
jason.rice@berkadia.com
JOHNNY KING
Director
Mortgage Banking (713) 469-4502 johnny.king@berkadia.com
CUTT ABLESON
Senior Managing Director
Mortgage Banking (713) 469-4503 cutt.ableson@berkadia.com
CARL RASMUSSEN
Associate Director
Mortgage Banking (713) 469-4514 carl.rasmussen@berkadia.com
jeffrey skipworth
Managing Director (214) 533-3322 jeffrey.skipworth@berkadia.com
TX CRE #560404
Investment Sales
unit Amenities
9’ ceilings
Plank flooring in all wet areas and living areas
Ceiling fans in living areas and bedrooms
Shaker style cabinets with pulls
Granite countertops
Black or stainless-steel appliances
Kitchen islands
Carpeted bedrooms
Washer/dryer connections
Private patios or balconies with storage
Community Amenities
Leasing office
Community kitchen with coffee bar
Well-manicured landscaping
Central courtyard
Security cameras and courtesy officers
Valet trash service
Storage units available
Open surface parking
Reserved parking and carports available
Perimeter fencing
Community
apartment units
The Property
VISIT DOC CENTER
The Location
Stable, High-Quality Tenancy: Averaged 94% occupancy since 2021. Increased to 95%+ within the last 18 months with no concessions, evictions, or delinquency issues.
High Retention: 90% last month with move-outs mainly due to home purchases or relocation.
Rent Lift on New Leases: 2.8% average increase on the last ten leases. Rents have increased overall at the property 16.6% since 2021.
Value-Add Potential: Can implement a bulk cable/internet package, add stainless steel appliances, and add washers and dryers (100% connections).
Zero New Construction: No units in lease-up, under construction, or planned within five miles of the property.
Limited Class A Competition: Only four other properties brought online in the densely populated area since 2018.
Rent Gap with Comps: $200 average rent gap with newer and renovated comps within two miles.
Third-Party Rent Growth Support: 3% average rent growth projected 2025 to 2028 (CoStar).
Visibility and Accessibility: Valuable frontage on Wallisville Rd with exposure to 25K cars daily and direct access to Hwy 90 and Beltway 8/Sam Houston Tollway.
Quick Commutes to Jobs: 15-minute commutes to Downtown Houston (156K jobs), Port of Houston (78K jobs), and Lake Houston/Kingwood (84K jobs).
Enviable Greenspaces Next Door: Located between two popular parks, Fonteno (37 acres) and North Shore (35 acres), which act as amenities for the property.
Schools Nearby: Less than two miles to all zoned schools, including North Shore High School, ranked #5 in Houston Metro and #26 in Texas for its athletic programs.
San Jacinto College Nearby: Less than one mile from the 100-acre, North campus of the award-winning community college system (4K student enrollment).
Investment Highlights
Market
All Cash
2018
2.00
84
67,944
809
$1,228
$1.52
100% | 96%
Price
Terms
Year Built
Total Acreage
Total Units
Total SF
Avg Unit SF
Avg Rent/Unit
Avg Rent/SF
Leased | Occupied
Investment Summary
Bella Vista is a recently built, garden-style multifamily community, strategically developed and positioned to deliver strong cash flows and returns with value appreciation. This exceptionally maintained community is one of the newest properties in the submarket, creating an immediate competitive advantage, as well as enabling lower operating expenses. It also offers viable value-add opportunities to improve income. The community’s product quality and operational advantages are complimented by its close proximity to the best lifestyle amenities in this area and convenient connectivity to Houston’s largest employment centers, including Downtown Houston and the Port of Houston. These key demand drivers are reflected in Bella Vista’s impressive historical occupancy and quality tenant base, which are expected to sustain its long-term performance under new ownership.
The Opportunity
14340 Wallisville Rd | Houston, TX 77049
Bella Vista
The Opportunity
The Location
The Property
Contact
Doc Center
Privacy
Terms of Use
VISIT DOC CENTER
jed dalton
Associate Director (832) 314-5078 jed.dalton@berkadia.com
TX CRE #787068
ESTEE IBÁÑEZ
AVP, Financial Analysis (713) 469-4512 estee.ibanez@berkadia.com
TX CRE #687201
kyle whitney
Senior Director (713) 724-1456 kyle.whitney@berkadia.com
TX CRE #658451
CHRIS POLLARD
Managing Director
Mortgage Banking
(214) 360-3839 chris.pollard@berkadia.com
JASON RICE
Senior Managing Director
Mortgage Banking
(214) 360-3811
jason.rice@berkadia.com
joey rippel
Managing Director (601) 919-5155 joey.rippel@berkadia.com
TX CRE #654288
JOHNNY KING
Director
Mortgage Banking (713) 469-4502 johnny.king@berkadia.com
CUTT ABLESON
Senior Managing Director
Mortgage Banking (713) 469-4503 cutt.ableson@berkadia.com
CARL RASMUSSEN
Associate Director
Mortgage Banking (713) 469-4514 carl.rasmussen@berkadia.com
jeffrey skipworth
Managing Director (214) 533-3322 jeffrey.skipworth@berkadia.com
TX CRE #560404
chris curry
Senior Managing Director (713) 553-0151 chris.curry@berkadia.com
TX CRE #566750
Investment Sales
Mortgage Banking
chris young
Managing Director (972) 743-5742 chris.young@berkadia.com
TX CRE #630674
The Location
The Opportunity
DOC CENTER
Terms of Use
Privacy
Contact
The Property
ESTEE IBÁÑEZ
AVP - Financial Analysis +1 (713) 469-4512 estee.ibanez@berkadia.com TX CRE #687201
CARL RASMUSSEN
Associate Director Mortgage Banking +1 (713) 469-4514 carl.rasmussen@berkadia.com