Donovan Village consists of 78 units totaling 63,966 rentable square feet in 39 – 1 level buildings. The property is situated on 5 acres along the south side of West Donovan street, one-quarter mile east of Shepherd Drive set three miles north of north loop 610 and two miles west of interstate Fwy 45. There are 113 total open parking spaces, providing a parking ratio of 1.4 spaces per unit.
The property underwent renovations over 18 months with expenditures of $293,000 on common area upgrades and $382,000 on interior unit upgrades. Throughout this process, management strategically changed the tenant profile to higher income residents resulting in an occupancy of 100% as of August 31st 2015. The interior upgrades were completed on 40 units leaving 38 units that can be updated allowing for the capture of an additional rental income of $125.00 per month per unit.