BK Verde is a 73 unit, 2-story, garden style apartment community located in the Greenspoint submarket of Northwest Houston. Note that one unit is used as an office currently.   It is possible to rent this unit but it is non revenue now (see Unit Mix). The apartments are located in a quiet, residential neighborhood with surrounding wooded areas that are an appealing feature of the asset.  Constructed in 1983, the property offers efficiencies and 1 and 2 bedroom units.  The property is conveniently located at I-45 and Beltway 8 and has convenient access to the Houston Intercontinental Airport, Downtown and the Galleria.  There are several fine dining and entertainment establishments located in the area.

There are 35 other units in the complex owned by this owner that will be available at a later time.  These have been fire damaged and are either under repair or awaiting an insurance claim. Of the 35 units, 7 units which had burned, have had the exteriors redone and the owner will have 7 new units available for rent and sale in the next 90 days (estimated).  The 7 fire units in Building G are not included in the unit mix as there is no certificate of occupancy on these units.

BK Verde has 55% of 182 units in the NVG HOA complex.  BK Verde has close to 53% board control which is based on square footage and not on unit count.  The total number of units BK Verde owns is 108 and 73 are for sale.  35 fire damaged units will go on sale upon completion.

The HOA will consider selling the vacant land (see aerial) at a good price to enable a builder to add more units!