Banyan Shores

Highlights

• ADDITIONAL UNITS: Unit above the office could be converted into a unit.
• BELOW-MARKET RENTS WITH IMMEDIATE UPSIDE: In-place rents are estimated to be $100$150 below market, providing clear upside through improved management, unit upgrades, and amenity additions.
• CLEAN INSURANCE HISTORY: Insurance loss runs have been clean for the past five years, mitigating operational risk and enhancing lender and investor confidence.
• COMPELLING VALUE-ADD PROFILE: The property is ideally suited for a fresh makeover, with upside available through interior unit renovations, exterior capital improvements, and overall asset repositioning.
• FRONTAGE ROAD EXPOSURE & FUTURE LAND VALUE: Located along a major frontage road in Spring Branch, supporting long-term land value appreciation as the corridor continues to evolve.
• HIGHLY DESIRABLE SPRING BRANCH LOCATION: Located in a premier Spring Branch submarket, adjacent to the Memorial Villages, an area experiencing significant redevelopment and strong renter demand, positioning the asset for continued long-term growth.
• LONG-TERM OWNERSHIP: The property has been held by the same ownership for over 10 years, creating a rare opportunity for a new investor to implement a full operational and physical repositioning.
• RUBS OPTIMIZATION: Immediate NOI upside through improved RUBS implementation and utility cost recovery.
• SIGNIFICANT LAUNDRY & W/D UPSIDE: 21 units with washer/dryer connections 8 units with in-unit washer/dryers Expansion across 208 units supports incremental income of ~$30/month per unit for connections or ~$65/month per unit for in-unit W/Ds No existing on-site laundry facility; however, space does exist, providing the potential for significant additional ancillary income.

Location

Points of Interest