The Townhomes on Three

For Sale

15240 Galveston Rd, Webster, TX 77598

This Webster property for sale is located at 15240 Galveston Rd.

Contacts

broker

Abraham Garza III

GREA

(713) 595-9582

broker

Jordon Emmott

GREA

(713) 595-9584

broker

Shayan Hasnain

(713) 595-9580

Property Details

The Townhomes on Three is a newly renovated 90-unit multifamily community located in the Webster / Clear Lake submarket of Houston, TX in Harris County. Built in 1983 and situated on 6.00 acres, the garden-style property is comprised of 15, two-story townhouse-style buildings with brick siding, flat roofs, and attached two-car garages. The Townhomes on Three offers spacious two- and three-bedroom residences with an open floor plan concept. Interior amenities include remodeled kitchens equipped with energy-efficient appliances, new plumbing fixtures, in-unit washers and dryers, and oversized private patios. The common areas feature a fitness center, resort-style swimming pool, and controlled gated access. 

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Highlights

  • Attractive assumable loan at 3.47% w/ 6 years remaining.
  • 12 units have not been upgraded. Current owner has recently increased and proven 2-bedroom units at $1500 and 3-bedrooms at $1900. New owner could increase annual NOI by $151,800 on new leases and renewals.
  • Median 3-mile household income is nearly $100,000.
  • All 2-bedroom units have 2 covered parking spots directly in front of their unit and all 3-bedroom units have direct access to a 2-car garage. Current owner is not charging for parking.
  • All units come with washer and dryers. New owner could increase other income by charging $50 a month. New owner could also increase O/I by incorporating valet trash.

Getting around

  • 59/100

    Walk Score ®

  • 15/100

    Transit Score ®

  • 44/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Webster, TX
  • Neighborhood Webster
  • Zip Code 77598
  • Market Houston

Points of Interest

  • H-E-B Fuel

    0.29 miles

  • El Dorado Food Mart

    0.31 miles

  • Valero

    0.36 miles

  • Shell

    0.55 miles

  • Shell

    1.08 miles

  • Exxon

    1.24 miles

  • Valero

    1.53 miles

  • Shell

    1.90 miles

  • Valero

    1.95 miles

  • Chevron

    1.97 miles

  • El Dorado Park & Ride

    0.84 miles

  • Bay Area Park and Ride

    1.34 miles

  • Lot J

    2.92 miles

  • Visitor Parking

    2.98 miles

  • Lot G

    3.04 miles

  • Lot R

    3.34 miles

  • Lot A

    3.37 miles

  • Lot B

    3.46 miles

  • Lot C

    3.51 miles

  • Lot D

    3.62 miles

  • Hilton Garden Inn

    0.80 miles

  • La Quinta Inn

    0.90 miles

  • Hampton

    0.93 miles

  • Extended Stay America

    0.94 miles

  • Intown Suites

    0.97 miles

  • Homewood Suites by Hilton Houston Clear Lake NASA

    1.11 miles

  • Comfort Suites Near Nasa - Clear Lake

    1.13 miles

  • Sonesta ES Suites Houston - NASA Clear Lake

    1.21 miles

  • Holiday Inn Express & Suites

    1.36 miles

  • TownePlace Suites Houston Clear Lake

    1.69 miles

  • H-E-B

    0.22 miles

  • Marshal's

    0.31 miles

  • Food Town

    0.52 miles

  • Raj Grocers

    0.77 miles

  • Walmart Supercenter

    0.81 miles

  • Dillard's

    0.81 miles

  • Baybrook Mall

    0.84 miles

  • JCPenney

    0.94 miles

  • Macy's

    1.01 miles

  • Ross

    1.27 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

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