All Cash

612 LOFTS

The 612 Lofts Apartments is a loft apartment community located in the Baytown submarket of Houston, Texas. The vintage building was originally built for Culpepper Furniture Co in 1954. In the 1980's, it became Hefner's Fine Gifts & China. Per HCAD, in 2018 the asset was transformed into an upscale rental loft apartment building, known as 612 LOFTS. All lofts are located on the 2nd floor and assigned garage parking is provided. The owners installed all new interior walls, new electrical and plumbing, new roof, a/c, granite countertops, appliances, etc.

MIRAMAR APARTMENTS

Miramar is an approximately 94% occupied "B-" apartment community in an improving "B-" area of far southwest Houston. It is located less than one mile north of the Fort Bend and Harris County Line and sits outside the city limits of Houston. The property offers investors an attractive, well-positioned asset in one of Houston's major growth areas with good upside potential in the rents with minor interior upgrades and leasing at the new rents upon lease renewals and new tenant move-ins. The community spans 4.53 acres and consists of 143 units in 11 buildings.

HATFIELD APARTMENTS

The Hatfield Apartments is a two story, garden-style apartment community located in Beaumont, Texas. The asset was built in 1973. Resident amenities include: mini-blinds, kitchen pantries, ceiling fans, patios and balconies.

Per owner, capital expenditures include: $6000 to install a new fence, $4000 to refresh exteriors, $5000 to cut trees and landscape the property and $6,000 on interior upgrades.

Currently there are no reported leasing concessions. Blue collar profile, ideal for a small investor to own!

The seller wants an ALL CASH sale!

OAKWOOD APARTMENTS

The Oakwood Apartments, is a two story, garden-style, brick apartment community located in the West End area of Beaumont, Texas. The asset was built in 1983. Resident amenities include: mini-blinds, kitchen pantries, ceiling fans, patios and balconies.

PRIMROSE APARTMENTS

The Primrose Apartments is a two story, garden-style, brick apartment community located in the North End area of Beaumont, Texas. The asset was built in 1962. Resident amenities include: mini-blinds, kitchen pantries, ceiling fans, patios and balconies. Each unit has an HVAC unit and two have additional window units. There are car ports on one side of the building. The owner reports copper wiring and plumbing. He says the pitched roof appears to have some useful life.

SOUTHSIDE PLACE

The Southside Place Apartments, is a two story, garden-style, apartment community located in the Medical Center submarket of Houston,Texas. The asset was built in 1962. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies and walk-in closets.

Per owner the roof is relatively new. 4 units have hard surface flooring. All units have new vinyl windows, heat pump window units and certificates of occupancy.

HIDDEN PINES

Hidden Pines Apartments is a two story, garden-style, 46 unit, Class C, 1955 vintage apartment property located in the Spring Branch area of Houston. The property received some renovations in 2013. Some of the amenities include: ceiling fans, fully equipped kitchens, and swimming pool.

WESTWOOD II

The Westwood II Apartments is a 66 unit, 2-story, 1983 vintage apartment community located in southwest Houston in the Sharpstown/Westwood sub-market. Residents enjoy amenities such as: ceiling fans, outdoor storage, patios and balconies, a swimming pool, mini-binds, kitchen pantries, fully equipped kitchens with frost-free refrigerators, garbage disposals, dishwashers, washer/dryer connections, and individual water heaters. The property is access controlled with perimeter fencing and controlled access gates

CORNERSTONE

The Cornerstone Apartments, is a two story, garden-style, apartment community located in Harlingen,Texas. The asset was built in 1996. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies and walk-in closets.

STONEGATE

The Stonegate Apartments, is a two story, garden-style, apartment community located in Amarillo, Texas. The asset was built in 1997. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies and walk-in closets.

Currently there are no reported leasing concessions. The owner appears to be constantly improving the asset. It is assumed that some of the payroll expense relates to the updating under way.

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