Monaco at Main has averaged 95% occupancy over the seven-year tenure of current ownership. Originally built in 2007, it has been lightly updated to attract and retain key renter-by-choice demographics. Monaco at Main has competitive advantages to maintain long-term, premium tenancy and is primed for value-add minded investors to increase rents.
Monaco at Main is a 2007 built, 286-unit, mid-rise multi-housing community in Central Houston next to the Texas Medical Center (TMC), the largest medical complex of its kind in the world and a substantial recession-resistant driver of housing demand. The infill, core plus asset offers value-add returns in a strengthening submarket. Monaco at Main is available below replacement cost and on an All Cash basis.