Inwood Village Townhomes

    • 7830 Bayou Forest Drive
    • Houston, TX 77088


  • Historically High Occupancy
  • Value-Add in Filling Vacancy and Upgrades to "Classic" Units
  • Same Floorplan for All Units
  • Class C Property in Highly Populated Submarket in Northwest Houston
  • Located in Opportunity Zone
  • $87,000 Worth of Capex in Last 2.5 Years


Independence Commercial Advisors is pleased to present Inwood Village Townhomes, a 24 unit Class C complex comprised of 6 two-story buildings in Houston, Texas. Built in 1985, Inwood Village is located in Northwest Houston within close proximity to major road arteries and close proximity to businesses, schools, retail, parks, etc. The property has had extensive exterior and interior improvements but there continues to be multiple opportunities for property improvements, upgrades of Classic units, and filling vacancy. The property has been impacted by COVID-19 and there are numerous tenants that are delinquent in rents; however, current management has been approved for rent relief through the State of Texas and awaiting reimbursements accordingly. New debt is available for the property allowing a new owner to maximize returns with various options and offering Cash-on-Cash return of 9.2% (P&I) or 14.3% (I/O) based on Pro Forma (Actuals on income, increased expenses for taxes, property management, etc.).