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Allendale Village - 96 Units

6005 Allendale Rd, Houston, TX 77017

Allendale Village is a Class C+ asset located in SE Houston. It was purchased in an off market transaction at an attractive price. Previous owners were the original developers through a family partnership with units outdated and rents 20-25% below market. This represented an opportunity to acquire an asset at a significant discount to replacement cost and through a series of low-moderate cost rehab, implement an attractive interior package to push rents significantly.