Maps

Overview location maps for properties being marketed by KET Enterprises are shown in this section.

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Arbor at Dairy Ashford

Very attractive, 222 unit, garden-style apartment property. The Arbor at Dairy Ashford apartments is offered "Cash to the Existing Loan". The existing loan allows a new owner to take advantage of a below current market interest rate, with good leverage. The property is well located just north of the Westpark Toll Road, a major east-west access road, near the corner of Dairy Ashford and Bellaire Blvd. in west Houston, Texas. This desirable location offers easy access to the Galleria, Downtown, Westchase District, the Energy Corridor and a multitude of retailers and employers. Through strong management, scaling down the operating expenses and moderate upgrades a new owner could realize potential upside in the rent and occupancy. Please do not visit the property without an appointment made through the broker. Information about brokerage services has been included with this offering memorandum.

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Cedar Branch

A value enhancement opportunity. Cedar Branch is a 236 unit, garden-style apartment community comprised of 17 two-story residential buildings. Built on 7.48 acres in 1973, the gated apartment community benefits from it's convenient location to Memorial Hermann Memorial City Medical Center (located across from Memorial City Mall) and Memorial City Mall. The tenant profile is predominately blue-collar, working class. Residents enjoy seven different floor plans, a clubhouse, swimming pools, covered parking, picnic areas, and a laundry center. By controlling expenses and implementing a moderate rehab, this well located property should perform well. A Confidentiality Agreement is available for download and is required to view financials. Fax to 713-355-4331

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Creekbend

A value enhancement opportunity, Creekbend is a 196 unit, garden-style apartment community comprised of 20 two-story residential buildings. Built on 5.54 acres in 1977, the gated apartment community benefits from it's convenient location; just minutes away from US 59, Beltway 8, and Loop 610, with access to major employers, health care, schools, shopping and dining. The tenant profile is predominately blue-collar, working class. Residents enjoy six different floor plans, swimming pools, covered parking, patios/balconies, picnic area, and laundry facilities. Microwaves and dishwashers are available in select units. The property suffered some roof damage in the recent hurricane, otherwise it appears to be in good condition; it does not appear to lie in the FEMA 100 year floodplain. A Confidentiality Agreement is available for download and is required to view financials. Fax to 713-355-4331.

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Estada Villa

RECENT FORECLOSURE! Estada Villa, consisting of 76 units, is located in East Harris County outside the city limits of Houston. The property was built in 3 phases, one in the 1960's, one in 1978 and one in 2004. The two oldest phases consist of 60 mastered metered units and the 2004 built phase consists of 16 individual metered units. Current owner is not utilizing the individual meters at this time. Charging for electricity through a RUBS and utilizing the individual meters could be another source of income for a new owner. There are 18 down units (see property brochure). There appears to be rental upside post rehab. The area generally sees high occupancy in properties that are adequately maintained. Offered "All Cash" - a buyer must obtain new financing. Asking $16,447 per unit - $21.97 per sq. ft. ***A Confidentiality Agreement is available for download and is required to view financials. Please fax to 713-355-4331***

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