For Sale I Andalucia Apartments

Colliers is pleased to present the offering memorandum for Andalucia Apartments, a compelling value-add multifamily opportunity located in the highly desirable Humble submarket of Northeast Houston. Strategically positioned along the U.S. Highway 59/I-69 and FM 1960 corridors, the Property offers exceptional connectivity to major employment centers, retail destinations, and transportation infrastructure throughout the region. Residents benefit from immediate access to premier shopping, dining, and entertainment amenities, including Deerbrook Mall, as well as convenient proximity to George Bush Intercontinental Airport, one of Houston’s largest economic and employment drivers.

The Property has been well maintained by current ownership and presents investors with the opportunity to implement a strategic interior renovation program designed to capitalize on continued rental growth within the submarket. Andalucia Apartments offers an attractive mix of spacious floor plans that foster a strong sense of community and long-term tenant appeal. Supported by favorable demographics, steady population growth, and limited new multifamily supply in the surrounding area, the asset is well-positioned to deliver durable occupancy and long-term cash flow performance.

Andalucia Apartments also benefits from proximity to several of Houston’s most significant employment centers, including Pinto Business Park and the expanding North Houston District, a major business and commercial hub that continues to attract substantial public and private investment. Anchored by corporate offices, healthcare facilities, industrial employers, and hospitality demand generated by the airport corridor, the area has experienced significant economic growth and redevelopment in recent years. Combined with convenient access to Downtown Houston, Lake Houston, and the broader North Houston employment corridor, Andalucia Apartments is ideally positioned to benefit from continued economic expansion, strong regional rent growth trends, and sustained renter demand within one of Houston’s fastest-growing submarkets.

Investment Highlights