Mason Street Apartments in Montrose

Mason Street Apartments in Montrose

Property Overview
Oldham Goodwin Group is pleased to present Mason Street Apartments in Montrose, Houston. The property consists of sixteen (16) units (twelve one bedroom and four two bedroom) and serves its residents with on site parking, swimming pool, and laundry facilities. Originally
built in 1955, the property was updated in 2014 including updated and upgraded electrical and plumbing, new floors and appliances in every unit, new counters in all but one unit, and exterior paint. The property has been well maintained and boasts 100% occupancy with many tenants being in place five-plus years. The property is
unrestricted and the majority of units are below market rent which gives an investor multiple opportunities to add value.
Location Overview
Montrose is known as the “Heart of Houston� and is located four miles from the Texas Medical Center, two miles from downtown Houston, a half mile from St. Thomas University, two miles to Rice University, and three miles to the University of Houston. Montrose is surrounded
by some of the best entertainment available with the Theater District, Midtown, the Museum district, Minute Maid Park, and the Houston Zoo all within three miles. Montrose is truly a “live, work, play� location offering the best of Houston employment and entertainment within walking distance or a very short car ride. Because of the
proximity to major employment hubs, landlords enjoy strong tenancy and rent growth due to a combination of demand and gentrification.