Whispering Oaks Apartments are in the Houston suburb of Conroe, Tx. When Praxis acquired the property it was a neglected Class C property. We renovated all of the unit interiors with new appliances, light fixtures, plumbing fixtures, flooring and paint. We also performed many enhancements to the exterior to improve curb appeal. The renovation and management improvements have improved the property’s performance substantially since acquisition, boosting net income by 30% by the end of the first year and an additional 37% in the second year. The improved performance allowed the property to achieve the fourth year’s projected income by the end of the second year.
Year Built : 1972
Units : 140