Farah Village - Beaumont

STABILIZED CASH FLOW OPPORTUNITY! Farah Village is a very clean, 58 unit, garden-style, 1985 vintage apartment property located near Lamar College in Beaumont. This property can be purchased seperately or together with Alabama Gardens and Parkway Apartments for a total of 204 units. This property is 100% occupied and it is currently being run as a weekly rental. The owner renovated the entire property including new roofs, ac's, and tile floors. The property has always maintained high occupancy. In addition to the apartment units, the property also has a 1,500 sq. ft. home on the property that is currently being rented for $500 /month. Asking $30,000/unit ($42.23/sf).

More

Parkway Apartments - Beaumont

STABILIZED CASH FLOW OPPORTUNITY! Parkway is a very clean, 82 unit, garden-style, 1965 vintage apartment property located across the street from Lamar College in Beaumont. This property can be purchased separately or together with Farah Village and Alabama Garden for a total of 204 units. Owner renovated the entire property including new roofs and tile flooring. Also, the owner is in the process of repainting the exterior and installing new Hardie plank. The property has always maintained high occupancy and has a large student housing component. Asking $30,000/unit ($36.45/sf).

More

Villas Apartments

POSSIBLE SHORT SALE! GOOD VALUE ADD DEAL. The Villas Apartments is a clean, 196 unit, brick and wood, 1972 vintage apartment property located near the intersection of Loop 610 east and I-45 in southeast Houston. This is a "C" quality property in a "C" location. No owner financing. The owner and lender may agree to a discounted loan payoff to a new buyer. The property is located on the feeder road of the 610 Loop and has good drive-by visibility from the freeway. With interior upgrades and the correction of minor deferred maintenance, the property should see an upside in collections. It is located in a stable rental market that consistently outperforms the Houston Market on average. Asking $14,158 per unit ($19.71/sf). Historically has maintained high occupancy!

More

Crossings at Ashton Place

***PRICE REDUCED*** RECENT FORECLOSURE - "C" QUALITY PROPERTY - GOOD VALUE ADD DEAL! The Crossings at Ashton Place is a 310 unit, 1982 vintage, garden-style, brick and wood apartment community located in the Alief area of southwest Houston. This is a "C" property in a "C" area. Broker estimates $2,500/unit rehab needed (a buyer must verify this information). Good location on a major thoroughfare with good visibility. All Cash. No owner financing. Asking $16,129 per unit ($23.04/sq.ft.).Click this link to visit our YouTube property video.

More

Crossings at St. Charles Place

RECENT FORECLOSURE - "C" PROPERTY IN A "B" LOCATION! GOOD VALUE ADD DEAL! The Crossings at St. Charles Place is a 48 unit, 1965 vintage, brick and wood, garden-style apartment community located in the Braeswood area of southwest Houston. The property is approximately 90% occupied as of 6/8/10. Minor deferred maintenance. The property has high visibility and traffic count. All Cash. No owner financing. A new owner should see upside in rents and collection s with interior upgrades and correction of minor deferred maintenance. Asking $25,521 per unit ($36.46/sq.ft.).Click this link to visit our YouTube property video.

More