Welcome to Grand West Condos
Introducing the Grand West Condos, a promising real estate venture nestled in the vibrant heart of Katy, Texas. This distinctive collection of condominiums offer individual ownership, presenting an exceptional opportunity for both homeowners and investors. Their advantageous positioning serves up a multitude of benefits that make them stand out in the real estate market. Equipped with a vast array of amenities and situated in a prime location, these condos have become a beacon attracting potential home buyers and savvy real estate investors seeking substantial returns.
The Allure of Katy’s New Landmark: Katy Asian Town
A pivotal part of the appeal of Grand West Condos lies in their integration within the vibrant Katy Asian Town. This mixed-use development, unveiled in 2017, was designed to cater to the rising demand for authentic Asian culinary and cultural experiences in the Houston area. With a Texas Economic Development report showing a 20% increase in the demand for multicultural experiences since 2020, Katy Asian Town has hit the mark. Spanning 16 acres, the development is home to an array of restaurants, shops, and entertainment venues. Proximity to the recently established campuses of Houston Community College and the University of Houston has encouraged the creation of the KAT Elite Center, further enriching the locale with additional retail and office spaces.
Convenient Location and Exceptional Growth
Grand West Condos’ positioning within Katy Asian Town has led to significant growth since its inception in 2019. According to the Texas Department of Transportation, the development enjoys convenient access to major highways, making it a strategic location that increases its attractiveness to both locals and tourists. Furthermore, data from the Texas Higher Education Coordinating Board points to an enrollment increase of 25% in the new campuses of Houston Community College and the University of Houston, fortifying the area’s potential for future development. This blend of convenience, growth, and potential cements Grand West Condos as a premier investment and living opportunity.
Growing Community and Demographics
Katy, the home of Grand West Condos, is one of the fastest-growing satellite cities in the Houston area, known for its charming environment and small-town ambiance. Its strong economy, reasonable housing prices, and excellent educational opportunities have drawn a significant number of middle-class Chinese and Asian residents, contributing to the area’s diverse community. Katy’s population, currently exceeding 310,000, is rapidly growing, making it one of the most desirable residential areas for the Asian community in the Houston region.
Condo Amenities and Surroundings
Grand West Condos is an integral part of the emerging Katy University Center, and is located within walking distance to esteemed educational institutions and various recreational facilities. Nearby attractions and facilities include the University of Houston, Houston Community College, Katy Asian Town, Andretti Indoor Karting & Games, Cinemark 19 and XD movie theater, among others. These diverse and accessible amenities ensure that residents can enjoy a fulfilling and convenient lifestyle.
High-Quality Condo Units
The condominium units come in two configurations: 1-bedroom/1-bathroom and 2-bedroom/2-bathroom, ranging from 840 to 1,078 square feet. Every unit is outfitted with high-quality stainless-steel appliances, high-end wood-like flooring in the kitchen and bathrooms, central air conditioning, dual ceiling fans, and individual electric meters. Managed by UMRE’s property management company, Grand West Condos also offers short-term rental services through Airbnb, providing a lucrative option for investors looking for higher profits and lower property wear and tear.
Public Spaces at Grand West Condos
- Entrance Lobby: The entrance lobby features a well-appointed seating area and a designated mailbox section.
- Parking Facilities: The parking lot entrance is equipped with a secure password-controlled system. Each resident is allocated an appropriate number of parking spaces based on the number of bedrooms in their unit. Additionally, the condominium provides accessible parking spaces to accommodate individuals with specific needs.
- Backyard Landscape: Presently, the backyard landscape comprises lush lawns and tasteful greenery. Future plans include the implementation of new landscaping elements, the installation of privacy-enhancing fences, and the creation of inviting recreational areas.
- Waste Management Room: The ground floor is home to a dedicated waste management room, while residents on the second and third floors can conveniently dispose of their trash through a garbage chute, which directs the waste to the designated waste management area.
- Air Purification System: To ensure the well-being of our residents, UV light air purifiers are utilized throughout the common areas of the building, effectively purifying the air and promoting a healthy living environment.
Investment Prospects and Return on Investment
Investors can anticipate an annual net rental income ranging from $28,800 to $43,200 for 1-bedroom units and $33,600 to $50,400 for 2-bedroom units, considering a conservative occupancy rate of 60% or higher. The potential annual net return on investment is attractive, ranging from 4.7% to 13.8%. These figures factor in both all-cash and 40% down payment scenarios with a 25-year mortgage. (Disclaimer: The general rental rate is based on records from 1/1/2021 to 6/30/2021, and is for reference only, not a guaranteed result.)
Learn more: Experience Comfortable and Convenient Short-Term Rentals in Katy with Grand West Condos
Why Choose Grand West Condos?
Grand West Condos is the preferred choice for real estate investment for several reasons, including comprehensive amenities, affordability, no age restrictions, and excellent demographics and population growth. It provides a unique investment opportunity that combines strategic location, strong community growth, and impressive rental income potential.
In conclusion, Grand West Condos, with its strategic location, quality amenities, and promising demographic trend, is a compelling real estate investment opportunity. With the added benefit of short-term rentals through Airbnb, investors can expect an attractive return on investment. Given Katy’s significant population growth and strong market demand, Grand West Condos undeniably stands as an excellent choice for real estate investment in the Houston area.
Grand West Condos Highlights
- Educational Institutions: Home to two mainstream universities, the University of Houston Katy branch and Houston Community College, fostering a vibrant educational atmosphere with an estimated combined population of over 15,000 staff and students.
- Shopping Centers: The area boasts renowned shopping destinations such as the Hmart market in Katy Asian Town and the well-established American department store, JCPenny, attracting numerous shoppers.
- International Chains: A variety of popular international chain stores are present, including Gong Cha, Fresh, Seafood Catch, Haidilao, 85°C Bakery Cafe, and Din Tai Fung, offering diverse culinary experiences.
- Recreational Facilities: The vicinity offers a range of entertainment options, such as a Tiger Woods-designed mini-golf course (PopStroke) and an indoor racing venue (Andretti Indoor Karting & Game).
- Cultural Amenities: With Cinemark Theatre and a host of bookstores in the area, the location is attractive for art lovers and families seeking cultural experiences.
- Transportation: The condos are strategically located near two major highway exits, Interstate TX-10 and Texas Highway 99, and a Metro bus terminal, ensuring easy and efficient commutes for residents.
Contact UMRE Group for more information
UMRE Realty Group | Katy Office
23119 Colonial Pkwy #A1, Katy, TX 77449, United States
UMRE Realty Group | Chinatown Office
9889 Bellaire Blvd #118, Houston, TX 77036, United States
