For Sale | Class A, Value-Add Investment Opportunity in Energy Corridor - 1200 S Dairy Ashford Rd, Houston, TX 77077

Colliers Houston Multifamily Advisory Group is pleased to announce the exclusive listing of Ashford Lakes, an upscale, Class A, Value-Add Opportunity in the heart of West Houston’s Energy Corridor. Originally built by Jenard Gross, one of Houston’s long-term prestigious builders,current ownership has renovated one third of the units and are achieving $150+ or more premium verses non-renovated units providing new ownership the opportunity to renovate the remaining two-thirds of the units. Located on Dairy Ashford Road just south of the exclusive Memorial suburban neighborhoods and minutes from both CityCentre and Memorial City Mall, the surrounding areas offer a blend of high-end shopping, unique dining, forested parks and includes direct access to Terry Hershey Park, a 500-acre park with over ten miles of hike and bike trails.

Larger than normal units, averaging 993 SF with nine-foot ceilings
94% occupancy
Sparkling resort-style pool with cabana and outdoor grills
Covered parking and private garages available
7 different floor plans available with high-end features
Fishing pier and gazebo overlooking the lake
New club house and new exterior renovated in 2018
No multi-housing units under construction in the immediate area
Rental rates in the submarket have increased 10.6% in the past 3 months
Great location just south of the Energy Corridor and the exclusive Memorial neighborhoods