8601-8611 Meta Rd, Houston, TX 77022

Airline Villas Apartments is a 2001 vintage, garden style, 24 unit apartment community located in the Northside-Northline neighborhood of Houston, Texas. The property consists of six apartment buildings on a large corner parcel, containing two bedroom, one bath apartments. Each building is 2 stories and includes a security gate at the entrance.
Amenities include 40 off street parking spaces with two dedicated handicapped spaces, all electric appliances, central air and heating, stove, range, and refrigerator. Each unit has individual water heaters. The property wheelchair accessible. Cable and internet is available through Xfinity. Seller implementing utility billbacks. Per owner all units have central AC, PVC piping throughout and all roofs were replaced in 2023. Reportedly, per owner, the buildings have passed habitability, have CO's and there is no deferred maintenance.
Per owner the property has received all new roofs and spent on average between $5,500-$6,000 per unit on the rehab depending on condition upon turnover to achieve the market rent. All deferred maintenance at the property has been addressed including gutters and downspouts, upgraded electrical, new AC units where needed, exterior paint, improved decking/landings, new fencing on the exterior and upgraded landscaping. On the interiors, new flooring, cabinets, bathroom vanity, tubs, .08 gallon water saving toilets, paint, fixtures, appliances, blinds, and windows. (See CapEx Summary)
Units have been turning as leases expire and units are being put on the market for $1,100.
The Northside-Northline neighborhood of Houston, Texas is a close residential neighborhood providing easy access to downtown and surrounding neighborhoods. The area appeals to families with well over 50 percent of households containing at least one child. Northside-Northline comprises a large area which can be found directly north of downtown Houston. Surrounding neighborhoods include Eastex/Jensen and Oak Forest/Garden Oaks.