Bellaire Plaza

about this investment

Acquisition Date:

May, 2024

Estimated Hold:

5 Years

Purchase Price:

$6,600,000

Leverage on Acquisition:

71%

Bellaire Plaza is a 38-unit garden-style multi-family asset, offering a mix of studio, one-bedroom, and two-bedroom apartments. This property caters to a diverse range of residents, with over 75% of units in classic condition at acquisition.

Residents enjoy amenities like on-site laundry, central air-conditioning, oversized balconies, a landscaped courtyard, and reserved parking. Bellaire Plaza is located in a highly desirable area, within walking distance of Infinity Park, Whole Foods, Home Depot, and several dining options. It’s also situated in a top-rated public school district, attracting a wide variety of tenants.

Acquired at a competitive basis with below-market rents, Bellaire Plaza offers significant upside potential, making it an ideal fit for Knightbridge’s value-add strategy.

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