The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced that it had facilitated the sale of Glenwood Apartment Homes in Houston this week.
Bryce Smith represented the seller and procured the buyer.
“Our proven ability to transact with B-Class value-add properties was more than enough for the seller to trust us. We are pleased to have been able to navigate the challenges of rising interest rates and a shift in the market.” Commented Smith, managing director at TMG.
Built in 1981, the property is situated on 9255 W. Sam Houston Pkwy S. and features larger-than-average unit sizes at 971 sq. ft. between one- and two-bedroom floor plans. Currently, the units are in classic condition, with granite countertops, black appliances, spacious walk-in closets, wash and dryer connections, and a fireplace in each home.
Community amenities include:
- A sparkling swimming pool.
- Large private patios/balconies.
- Outside storage.
- Electric water heaters in every home.
- On-site laundry.
The property is right next to the Sam Houston Tollway, just minutes away from I-69, and conveniently located nearby shopping, dining, banking, and the Memorial Hermann Southwest Hospital.