Under Contract

GULFWIND APARTMENTS

The Gulfwind Apartments is a two story, garden-style, apartment community located in the Galveston submarket south of Houston, Texas. The asset was built in 1969. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies and walk-in closets.

Galveston properties are enjoying high occupancy and rents are expected to rise.

This asset is ideal for a long term owner operator. There may be a potential to convert to condos as well.

ENCHANTED FOUNTAINS

The Enchanted Fountains Apartments, is a two story, garden-style, apartment community located in the Gulfton submarket of SW Houston,Texas. The property is a tax credit property and has maintained occupancies in the low to mid 90's for more than 3 years. The asset was built in 1966. Residents enjoy ample amenities which include: mini-blinds, kitchen pantries, ceiling fans, laundry facilities, patios and balconies and walk-in closets. Currently there are reportedly no leasing concessions. 26 units were totally or partially rebuilt after two fires.

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