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Saturday, February 04, 2012  

Multi-Family
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3/11/2009

Houston apartment community listed for $10.3 million


Ashley Park, a 284-unit apartment community in central Houston, has been listed for sale for $10.3 million.

Marcus & Millichap is representing the seller.

The property at 8410 W. Bartell Drive is within Houston's Inner Loop, which includes several areas, including downtown Houston, located inside Interstate 610. The area is a major employment center comprised of medical facilities, sports venues, shopping, restaurants, historical landmarks and museums.

Ashley Place is a 217,140-square-foot multi-family community built in 1983 on 7.1 acres. The unit mix features 152 one-bedroom/one-bath units, 16 two-bedroom/2.5 bath apartments and 116 two-bedroom/two-bath units. Recent improvements include new exterior paint and new appliances.

The listing price of $10.3 million represents $36,268 per unit and $47 per square foot.

Address: 8410 W. Bartell Drive, Houston, Texas

Size: 284 units

Built: 1983

Filed Under: Multi-Family

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