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Flint at 290

Class: B
Year: 1984
Style: Garden-Style

Acquired Date: December 2014
Address: 5915 Flintlock Road, Houston, Texas 77040
Property URL: flintat290.com

Formerly Savoy, Flint at 290 is a garden-style apartment community constructed in 1984 and it’s located just off the newly improved SH-290 thoroughfare. The northwest Houston property enjoys convenient access to thriving job markets and schools in the Cypress-Fairbanks ISD—incredibly appealing features for new tenants. There are 120 one-bedroom units and 72 two-bedroom units available – ideal if residents want more space or have family members visiting often (or both!). In 2015, the roof and brick siding was replaced, and residents and their guests will enjoy 280 parking spots to choose from. Units boast nine-foot ceilings, fully-equipped kitchens, and walk-in closets, among other impressive features.

Common area amenities

  • Swimming pool
  • Dog park
  • Playground
  • 24-Hour fitness center
  • Controlled access ages
  • Mail center
  • Rentable storage units
  • 2 laundry facilities

Interior Amenities

  • Walk-in closets
  • Fully equipped kitchens
  • 50% washer/dryers connections
  • 9-Foot ceilings
  • Fireplaces*
  • Sunrooms*
  • Separate dining area*
  • Private patios/balconies
* In Select Units

Business Plan

The strategy for this asset is to:

  • Implement vertically integrated management to control expenses
  • Renovate unit interiors
  • Add new income through RUBs, pet fees/rent, application/admin fees, reserved parking, storage unit rentals, valet trash, washer/dryer rentals, and smart home packages. 
  • Sell or refinance within 3-5 years

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