BEVERLY PALMS APARTMENTS
6061 Beverlyhill St.
Houston, Texas 77057
The 362-unit apartment property, located 1.5 miles from Houston’s Galleria shopping complex, was constructed in the late 1960’s and early 1970’s. Beverly Palms is located in the Class ‘A’ Galleria submarket of Houston, one of the strongest performing economic metro areas in the nation. The property is ideally situated between Interstate 10 (north) and U.S. Hwy 59 (less than 1/2 mile south), serving residents in the Galleria and Greenway Plaza business sectors.
Although the property has historically been well-maintained, the most recent owner had a very conservative operating approach to maintenance, particularly since occupancy rates hovered around the 98% mark. To further enhance revenue growth, we have budgeted approximately $1,000,000 for renovations to include contemporizing the property’s exterior with repainting and the addition of architectural enhancements, updating and upgrading the common areas and updating finishes and fixtures in the unit interiors.
Westmount Realty Capital, LLC