Westmore in Houston

Name: Sales in Westmore started!
Start: 2020-08-05T06:39:17.844776+00:00
End: 2023-12-31T23:59:59+0000
Location: Westmore

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Project info

Object ID: 8421

Finished at	August 2020
Price, m²	From 6860$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 140.00 m²
Floors	7
Apartments	33
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

960,400$

Net profit

9,376$

Payback period

81.7 years

Avg property value increase per year

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About the project

The Westmore is a 33 residence mid-rise condominium at 2323 West Main, just east of Kirby Drive. Attractive architecture, excellent floor plans, creative finishes, and sensible pricing make The Westmore an inviting option for those buyers who want condominium living in the vibrant and walkable Upper Kirby District area. The Westmore offers high ceilings, spacious windows, hardwood flooring, Bosch appliances, and other features required to make this a quality and well-designed condominium development.

This will be the 11th condominium development by the Houston-based Pelican Builders, Inc. The Westmore incorporates all of the experience, design ideas, future thoughts and diligence learned from its previous projects.

The Westmore is located in the Upper Kirby District, in close proximity to restaurants and retail, and in an upscale residential area. It is the answer for those buyers who want one story, maintenance free, and lock-and-leave condominium living in an excellent location.

Developer

With a portfolio that spans over thirty years, our principals are dedicated to making a house a home. We understand the fine balance between…
Details about Pelican Builders Inc