[Featured Listing] The Victorian Apartments | 9400 Coventry Square Dr, Houston, TX 77099

What stands out here is the scale: The Victorian is a 172-unit garden-style apartment community in the Alief area of Houston. Colliers lists 125,710 square feet of building area and a 1984 construction date, so this is an operating multifamily asset that needs to be evaluated through its current income, physical condition and renovation history—not just the unit count.

For an investor, the most important feature may be the reported assumable loan with a 3.79% interest rate and a 2032 maturity. That financing could materially change the acquisition economics, but it is not automatic. The current balance, lender approval, transfer requirements, reserves, prepayment terms and all other loan conditions need to be reviewed before treating it as part of the deal.

The unit mix includes one- and two-bedroom floorplans averaging about 750 square feet. Colliers reports current rents of approximately $774 to $1,195 per month, stabilized occupancy and consistent in-place cash flow. I would still request the current rent roll, trailing-12 financials, occupancy report, concessions, delinquency and bad-debt history before underwriting income.

The marketing materials say recent work has modernized unit interiors and community amenities. The public photos show the clubhouse or leasing area, landscaped courtyards, two-story residential buildings and example kitchen, bedroom and living areas. The actual scope, completion dates, costs, permits and remaining deferred maintenance should be verified unit by unit and building by building.

Amenities reported by Colliers include a swimming pool, gated access, a clubhouse with business center, and on-site laundry and maintenance services. The location provides access to the Westchase District, Energy Corridor and Southwest Houston employment areas, but transportation, insurance and operating costs should be tested against the buyer plan.

There is one important acreage discrepancy in the public materials: the structured property summary lists 5.39 acres, while the marketing narrative says approximately 8 acres. I would rely on the survey, title commitment and legal description before using either figure for valuation or redevelopment planning.

Pricing is not shown on the public Colliers page. If you are evaluating The Victorian, send me your target return, financing assumptions and renovation strategy. I can help organize the questions for the broker, lender and property-level due diligence before you decide whether the opportunity fits.