DONOVAN & THORNTON BTR PORTFOLIO

5405 Iconic Ln & 316 Thornton St, Houston, TX 77091
CONTACT BROKER FOR PRICE

Units
36
Year Built
2022
Leasable Area
64,392 SF
Property Type
Apartments

INVESTMENT HIGHLIGHTS

  • Two brand new construction communities with luxury finishes throughout. Includes private, fenced back patios and 2 car garages.
  • Property proximity to each other offers ease of management between both complexes.
  • Each unit is individually deeded which allows for multiple exit strategies in the future.
  • The average household income in a 3.0 mile radius is ±$91,000.
  • Only ±8 miles from Downtown Houston.
  • Helps resolve the affordability issue in the for-sale market. With the average American not able to afford a “starter home” in the current debt environment, townhomes and single-family rental communities are the next best option.
  • Income-tax Free State: in the fourth largest MSA in the country.*

Donovan Homes

  • Unit Mix: (18) Floorplan: 3+2.5-G, (4) Floorplan: 3+3.5-G
  • Address: 5405 Iconic Ln, Houston, TX 77091
  • Year built: 2022
  • Average Unit Size: ±1,767 SF
  • Acreage: ±1.44 AC

Thornton Homes

  • Unit Mix: (14) Floorplan: 3+3.5-2G
  • Address: 316 Thornton Rd, Houston, TX 77018
  • Year Built: 2022
  • Average Unit Size: ±1,828 SF
  • Acreage: ±0.64 AC

Broker of Record

  • Patrick Graham
  • License No. 9005919 (TX)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 8300 Douglas Ave.,
    Ste. 750, Dallas, TX 75225
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