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Windmill Creek Apartments

5735 Timber Creek Pl Dr, Houston, Texas 77085, US

Est. IRR


Est. Yield


Est. Equity Multiple


Key Stats

Last updated: December 14, 2022, 03:01 am

Est. IRR


Est. Yield


Est. Equity Multiple


Est. Hold Period

3 years

Est. Property Value


Year Built / Renovated

1985 / 2018



Sq. Ft.




Current Rent


Target Rent


Lot Size

5.2 acres

Asset Class (Multifamily)

A multifamily is any residential property containing more than one housing unit such as a duplex, triplex, quadplex, or an apartment building.


Windmill Creek Apartments with 83 units in Houston, TX.

Windmill Creek Apartments is a multifamily apartment with 83 units across 8 buildings. It is located close to Yorktown Crossing (0.3 mi), Bear Creek Pioneers Park (0.3 mi), and Peace Community Church (0.5 mi).

This property sits on 5.2 acres of land with an average unit size of 893 square feet. The apartments were originally built in 1985 and were renovated in 2018, and include a swimming pool with sundeck, outdoor café seating, and a fitness center.

Local schools include Truitt Middle School (1.0 mi) with a 5/10 rating, Tipps Elementary School (1.7 mi) with a 6/10 rating, and Cypress Falls High School (4.1 mi) with a 4/10 rating. Nearby colleges include Houston Christian University (13.9 mi), The Art Institute of Houston (14.9 mi), and the University of St. Thomas (17.3 mi).

The largest employers in the area include H-E-B (0.9 mi), Walmart (1.3 mi), and McDonald's (1.3 mi). Nearby Fortune 500 headquarters include ConocoPhillips (5.6 mi), Sysco Corporation (7.1 mi), and Academy Sports + Outdoors (7.6 mi).

The business plan would be classified as a value-add strategy which in this case means major renovations, increasing rents, and increasing occupancy.

5 Highlights about this deal:

  1. The property is being purchased for approximately $23 million.
  2. The goal is to secure a rent enhancement of $200 can be expected from the current rental of $1,155 per month after upgrades of all units.
  3. All of the units will be renovated with quartz counters, black appliances, and tile backsplashes.
  4. Houston is home to 22 Fortune 500 companies.
  5. The nearby area offers a compelling combination of employment access, affordability, and suburban lifestyle, attracting families and young professionals.

Market Highlights

Closest School

Truitt Middle School

Truitt Middle School(1.0 mi)


Closest University

Houston Christian University

Houston Christian University(13.9 mi)


Closest Fortune 500 Headquarters


ConocoPhillips(5.6 mi)

Industry: Mining, Crude Oil Production

Closest Employer


H-E-B(0.9 mi)

Industry: Retail

Local Employees: 23,732

Closest Transit

Lindale Park

Lindale Park(17.0 mi)


Closest Airport

Houston George Bush Intercontinental

Houston George Bush Intercontinental(20.5 mi)


On the Map

5735 Timber Creek Pl Dr, Houston, Texas 77085, US

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