Deer Creek Apartments are a 304-unit multifamily investment opportunity located in Houston, Texas. The wooded and spacious grounds are tucked away from the hustle and bustle of the big city, yet conveniently located near I-45, Beltway 8, the Hardy Toll Road, and many businesses. It is in close proximity to George Bush Intercontinental Airport, The Woodlands and other suburbs, Downtown Houston, and Pinto Business Park, the largest development-ready business park in Houston.
Property Details
Community Amenities
- large, well-maintained swimming pool and deck area
- clubhouse
- three clothes care centers
- twenty conveniently located BBQ grills
- gated entrance and perimeter fence
- manicured courtyards
- proximity to major employment, shopping and entertainment centers.
Interior Features
- Dry/Wet Bar
- Ceiling fans in select units
- Mini-blinds
- Pantries
- Walk-in closets
- Coat closets in select units
- Dishwashers
- Garbage disposals
- Patios/balconies in select units
Individual Unit Details
Deer Creek Apartments offer several units with a variety of floor plans and layouts.
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| Layout A |
Layout A is known as an efficiency or studio layout. It features one bedroom, one bathroom, a spacious walk-in closet, and an open kitchen, living, and dining area.
Layout B features 1 bedroom, 1 bathroom, a large walk-in closets in both rooms, and a spacious living, dining, and kitchen area.
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| Layout B |
Layout C includes 2 bedrooms, 2 bathrooms, walk-in closets in both rooms, and a separate living, kitchen, and dining areas.
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| Layout C |
Below is a chart summarizing the unit mix including market rental rates and square footage for each form unit layout.
Physical Address
16303 Imperial Valley Drive in Houston, Texas 7760
Legal description
RES F2 GREEMBRIAR NORTH SEC 1.
Visibility
The apartments are easily visible from Imperial Valley Drive. They would not be difficult to find for anyone traveling along Beltway 8.
Accessibility
Deer Creek Apartments are accessible through one main entrance from Imperial Valley Drive off of Beltway 8. The entrance includes access gates and the property is surrounded by a perimeter fence.
Signage
Signage is limited as there is only one small sign near the main entrance to the complex. It is easily distinguishable from Imperial Valley Drive yet does not obstruct visibility to or from the road.
As aforementioned, the apartments are conveniently located to many schools, businesses, major roads, parks, and much more. Below is a map highlighting some of those areas, with the apartments shown inside the yellow outline.
Investment Property Highlights
- Under-performing multifamily asset with significant upside potential
- Additional value-add potential through moderate interior and exterior upgrades
- Significant “Loss to Old Leases” - Recent leases have been at new market rents
- Variety of floorplans (efficiency, one and two-bedroom units) with sizes ranging from 505 to 852 square feet
- Located one mile (just across Interstate 45) from Pinto Business Park, a 971-acre master-planned business park, which will be the largest development-ready business park in Houston
- Minutes away from George Bush Intercontinental Airport which is the 7th busiest in the country and supports 118,000 jobs
- Located 13 miles south of the new 385-acre, 10,000+ employee Exxon campus being developed just west of the Interstate 45 and Hardy Toll Road intersection
- Convenient access to The Woodlands (15 miles north) and Downtown Houston (14 miles south)
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