- Prime Location Near Retail Corridor
- Stabilized Asset in a Strong Rental Market
- Incredibly Well-Positioned for Value-Add Implementation
- Third-Party Management Willing to Remain
- Offered Free & Clear of Existing Debt
Prime Location Near Retail Corridor
Located near the popular Boca Chica Blvd Retail Corridor, Westwood Apartments offers convenient accessibility to entertainment and employers. Employers such as Valley Baptist Medical Center are only 2.5 miles away. Brownsville Sports Park and Gladys Porter Zoo provide entertainment right outside tenants’ front doors, only a few miles away from the property.
The Brownsville apartment market is predicted to remain stable due to population growth and expanding industries. While manufacturing and shipping drove the economy via the Port of Brownsville (about six miles from the property), the focus now shifts to diversification and attracting new businesses, like healthcare expansion. New medical facilities, including the UT Health Rio Grande Valley Cancer and Surgery Center (less than ten miles from the property), will create jobs and stimulate the local economy, increasing demand for rentals.
Offered at an Incredible Basis
Westwood Apartments is offered at a highly attractive going-in basis relative to replacement cost and recent trades in the market. This offering positions new ownership to capitalize on the property’s value as well as broader market trends.
Stabilized Asset in a Strong Rental Market
Brownsville exhibits a healthy demand for multifamily housing, as evidenced by the consistently high occupancy rate of Westwood Apartments. At the time of this analysis, the asset maintains 100% occupancy.