REO Sale: Havenwood Apartment Homes | 291-Units

Brokered by Houston Income Properties and KET Enterprises, and powered by RealINSIGHT Marketplace, Havenwood Apartments is a 291-unit, 1971-vintage multifamily community in unincorporated east Harris County, Texas, offered as a recently foreclosed value-add asset. The property is 35% occupied, including seven subsidized tenancies, and the majority of units require major rehabilitation, framing a clear lease-up and repositioning thesis for an investor targeting stabilized cash flow. Improvements include a standalone two-story leasing building with a clubhouse, kitchen, business center, and large flex room; the community is primarily all-electric, with gas-fired hot water and community laundry. Situated roughly 10 miles east of Downtown Houston and five miles from the Port of Houston along a high-visibility thoroughfare, Havenwood sits in the Northshore/Woodforest submarket, outside Houston city limits. The surrounding trade area is anchored by a blue-collar workforce tied to port operations, manufacturing, chemical processing, refining, and healthcare employers. Positive job growth across the Houston metro and persistent barriers to homeownership are expected to support durable long-term multifamily demand as the asset stabilizes.