Multifamily Housing
1502 Pech Road Houston, TX 77055
Details & Description
Call for Pricing
    Ashford Glens is a 68 unit, two story, apartment community located in northwest, Houston, Texas in the popular Spring Branch sub-market. The Spring Branch submarket is a stable sub-market and has had historically high occupancies. The property is located within a residential neighborhood in the area. Home values range from 350K to over $2 million (south of Long Point Rd.).The current owner has expended over $650K in capital expenses since 2018 which includes new roofs. In addition, many appliances and HVAC's were replaced. It also included significant interior improvements. The owner recently increased the rents allowing a new owner to take advantage of the increased rents upon lease renewals and new move-ins. The property does not appear to be in a flood zone and did not flood during Harvey. There is a RUBS in place for water/sewer and gas as well as rebill for trash.Home Features - All Electric Kitchen, Dishwasher, Frost Free Refrigerator, Large Walk-In Closets, Private Patios / Balconies, High Speed Internet Access, Wood Style Flooring, Carpet, Pool and Courtyard views (amenities may vary by plan).Community Features - Gated Community, Swimming Pool, Remodeled Leasing Office, Central AC's, Covered Parking and Open Parking, Reserved Parking Available, Grilling Areas and is within close proximity to major employment centers in the area.
    Property Highlights
    Additional Photos
    Listing Agents
    Tom Wilkinson

    O: 713-355-4646
    twilk4@ketent.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1502 Pech Road

    Houston, TX 77055

    Listing ID: 292925
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    Building Size: 54,534 SF
    Lot Size: 1.960 AC
    Land Size: 85,377 SF
    Building $/SF: --
    Land $/SF: --
    Price
    Call for Pricing
    Property Highlights
    Boutique apartment community located in the highly popular Spring Branch area of northwest Houston, TX
    Was extensively rehabbed starting in 2018
    Potential upside with continued improvements
    The Spring Branch apartment market is a stable rental market and historically has seen very little asset turnover
    Ideal for long term hold
    Good Central Location - Less than five miles to Memorial City Business District, Houston Galleria, & the Energy Cor
    Description

    Ashford Glens is a 68 unit, two story, apartment community located in northwest, Houston, Texas in the popular Spring Branch sub-market. The Spring Branch submarket is a stable sub-market and has had historically high occupancies. The property is located within a residential neighborhood in the area. Home values range from 350K to over $2 million (south of Long Point Rd.).

    The current owner has expended over $650K in capital expenses since 2018 which includes new roofs. In addition, many appliances and HVAC's were replaced. It also included significant interior improvements. The owner recently increased the rents allowing a new owner to take advantage of the increased rents upon lease renewals and new move-ins. The property does not appear to be in a flood zone and did not flood during Harvey. There is a RUBS in place for water/sewer and gas as well as rebill for trash.

    Home Features - All Electric Kitchen, Dishwasher, Frost Free Refrigerator, Large Walk-In Closets, Private Patios / Balconies, High Speed Internet Access, Wood Style Flooring, Carpet, Pool and Courtyard views (amenities may vary by plan).

    Community Features - Gated Community, Swimming Pool, Remodeled Leasing Office, Central AC's, Covered Parking and Open Parking, Reserved Parking Available, Grilling Areas and is within close proximity to major employment centers in the area.

    Traffic Counts

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Houston History of Multifamily Housing for Sale

    Houston Area Market Trends

    Listing Demographics for 1502 Pech Road Houston, TX 77055

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population17,979137,359392,346
    Population Median Age363737
    Population by Age0-9 Yrs3247 (18%)19332 (14%)53464 (13%)
    10-19 Yrs2237 (12%)17430 (12%)41296 (10%)
    20-29 Yrs1651 (9%)19712 (14%)64221 (16%)
    30-39 Yrs2945 (16%)20339 (14%)68892 (17%)
    40-49 Yrs2653 (14%)19612 (14%)51296 (13%)
    50-59 Yrs2001 (11%)15998 (11%)45040 (11%)
    60-69 Yrs1617 (8%)12759 (9%)34760 (8%)
    70+ Yrs1627 (9%)12177 (8%)33376 (8%)
    Median HH Income$77,969$63,195$68,128
    Total Household Income< 24K912 (14%)9441 (18%)28912 (17%)
    25-49K1255 (20%)11061 (21%)34022 (20%)
    50-74K873 (14%)7940 (15%)24093 (14%)
    75-99K613 (9%)5088 (10%)17145 (10%)
    100-199K1067 (17%)8475 (16%)32746 (20%)
    200K+1505 (24%)8311 (16%)25173 (15%)
    Highest Education LevelNo Diploma22911935241060
    Diploma or GED19251900045209
    Some College15721343141138
    Assoc. Degree499419814701
    Bachelors Degree30122115280701
    Higher Degree24361492652222
    Total Housing Units6,91555,655181,556
    --Owner-Occupied4,20124,68572,657
    --Renter-Occupied2,02425,63189,435
    Owner-Occupied Values< 100K36823745341
    100-199K485457812029
    200-299K211361311225
    300-399K623296311163
    400-499K22412287058
    500K+2290992925840
    Total Working Age Population13,219107,413312,569
    In Work Force8,82373,331220,500
    Not In Work Force4,39534,08292,069
    Workforce Employed8,39669,665210,681
    Workforce Unemployed4273,6269,728
    Civlian Workforce8,82373,292220,408
    Military Workforce03992
    Total Households6,22550,316162,091
    Family Households4,41932,47993,322
    Non-Family Households1,80617,83768,769
    Married Couple3,40621,94566,931
    Other Family1,01210,53526,391
    Married w/Child1,9209,62729,410
    Single Male w/Child1481,6773,290
    Single Female w/Child4843,7739,562

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Texas20,851,820+2125,145,561+1829,677,668+1834,894,452
    Harris County3,400,578+204,092,459+224,978,845+195,924,750

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the building size of this Multifamily property in Houston, TX?
    The size of the building/unit at 1502 Pech Road in Houston is 54,534 square feet
    How much land does the Houston, TX property at 1502 Pech Road include?
    1502 Pech Road in Houston includes 1.960 acres of land
    What is the population within 1 mile of 1502 Pech Road in Houston?
    The population within 1 mile of 1502 Pech Road Houston, TX 77055 is 17,979 people.
    Who do I contact for questions about 1502 Pech Road?
    You should contact the listing agent, Tom Wilkinson, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    George Bush Intercontinental Houston Airport (IAH) 16
    William P Hobby Airport (HOU) 17
    Austin Bergstrom International Airport (AUS) 133
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