PROPERTY DETAILS:
The Retreat by Discover Multifamily
7203 Oakwood Glen Blvd. Spring, TX 77379
Units 136 | 2 Floors | 6.04 Acres | 997 Avg. Sq. Ft | Built 1984
Targeted Acquisition
Using the proprietary Discover Multifamily (DMF) Acquisition Database, 62 (3.5%) of the 1,789 properties in the Houston MSA have been identified as highly desirable acquisition targets. The Retreat, formerly "The Cottages,” is one of the 62.
6.9% Purchase Cap Rate
Houston is trading between 4.8%-5.3% cap rates, making our 6.6% going in tax-adjusted cap rate a compelling investment opportunity.
Motivated Seller
The seller has a floating-rate loan with an expiring interest rate cap, motivating them to sell to an experienced owner.
"The cornerstone to Multifamily investments"
Discover Multifamily's experienced team will oversee the execution of the CapEx plans and renovations focusing on rehabbing interiors, amenities, landscaping, etc.
THE OPPORTUNITY:
The Retreat, formerly known as The Cottages, is an exceptional value-add, 136-Unit Multifamily Asset located in the affluent area of Spring, Texas. We are purchasing this complex at a discount from the seller, as the original asking price was over $20M, while we're purchasing at $18.3M. The floor plans are some of the largest in the market at 997 Sq. Ft. per apartment.
High Median Incomes:
$84k Median Household Incomes (1 mile) | $91k Median Household Incomes (3 mile) | $106k Median Household Incomes (zip code)
TRACK RECORD
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*The returns shown above are project-level, meaning total cash flow to equity before any profit splits.
**Past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product referred directly or indirectly in this graphic will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio.
Common Equity Available: $8,554,483
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Explore The Retreat: A Great Investment Opportunity.
Access the comprehensive property breakdown
by downloading the investment pitch deck.
The Property Floor Plans
CLICK FLOOR PLAN TO VIEW IN FULL SCREEN
Discover The Retreat in Spring, Texas, which offers the largest floor plans in the market.
2 Bed X 2 Bathroom
1,047 sq ft • $1,380 Per Month
• Balcony or Patio • Black Appliance Packages • Breakfast Bar • Fireplace • Granite-style Countertops • Hardwood Floors • Newly Renovated • Open Floor Plans • Washer and Dryer in Home • Spacious Closets
CLICK FLOOR PLAN TO VIEW IN FULL SCREEN
2 Bed X 1.5 Bathroom
1165 sq ft • Starts at $1,440 Per Month
• Balcony or Patio • Black Appliance Packages • Breakfast Bar • Fireplace • Granite-style Countertops • Hardwood Floors • Newly Renovated • Open Floor Plans • Washer and Dryer in Home • Spacious Closets
CLICK FLOOR PLAN TO VIEW IN FULL SCREEN
1 Bed X 1 Bathroom
806 sq ft • $1,145 Per Month
• Balcony or Patio • Black Appliance Packages • Breakfast Bar • Fireplace • Granite-style Countertops • Hardwood Floors • Newly Renovated • Open Floor Plans • Washer and Dryer in Home • Spacious Closets
CLICK FLOOR PLAN TO VIEW IN FULL SCREEN
The Property Floor Plans
CLICK FLOOR PLAN TO VIEW IN FULL SCREEN
Discover The Retreat in Spring, Texas, which offers the largest floor plans in the market.
2 Bed X 2 Bathroom
1,047 sq ft • $1,380 Per Month
• Balcony or Patio • Black Appliance Packages • Breakfast Bar • Fireplace • Granite-style Countertops • Hardwood Floors • Newly Renovated • Open Floor Plans • Washer and Dryer in Home • Spacious Closets
CLICK FLOOR PLAN TO VIEW IN FULL SCREEN
2 Bed X 1.5 Bathroom
1165 sq ft • Starts at $1,440 Per Month
• Balcony or Patio • Black Appliance Packages • Breakfast Bar • Fireplace • Granite-style Countertops • Hardwood Floors • Newly Renovated • Open Floor Plans • Washer and Dryer in Home • Spacious Closets
CLICK FLOOR PLAN TO VIEW IN FULL SCREEN
1 Bed X 1 Bathroom
806 sq ft • $1,145 Per Month
• Balcony or Patio • Black Appliance Packages • Breakfast Bar • Fireplace • Granite-style Countertops • Hardwood Floors • Newly Renovated • Open Floor Plans • Washer and Dryer in Home • Spacious Closets
CLICK FLOOR PLAN TO VIEW IN FULL SCREEN
"Building long term, tax-efficient wealth for our investors"
Featured Partners:
Access the comprehensive property breakdown
by downloading the investment pitch deck.
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