Property details

Texas Value-Add Multifamily Portfolio For Sale, Southwest Region

Property Description

Located in an Income Tax Free State!     

Texas Value-Add Multifamily Portfolio For Sale

Portfolio of Two Multifamily Properties in one Major Texas City.

~600 Combined Units

1970's construction assets

Currently operated as separate assets with individual staffs.

Both properties feature direct frontage access to major highways.

The assets benefit from convenient hiay access and tremendous drive-by visibility.

The properties were originally operated as a single asset before splitting and accordingly have nearly identical floorplans.

The properties are within 2 miles of a major Medical Center and residents can conveniently access numerous additional nearby employers and retail centers.

These assets are offered on a Freddie Mac loan assumption basis.

We are direct to the owners.

This is an Off-Market, Confidential, Controlled and Deliverable Property.

As a first step, the owner requires that any interested buyer must provide their BIO and show ability to close. Upon approval, owner will release additional due diligence information.

This property is priced Net To Owner. Buyer responsible for a 2.00% brokerage fee.








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Highlights

Status:
Available
Price:
$45,000,000
 

Property Information

Property Type:
Apartments
Industry Type:
Apartment - Multifamily
Units/Spaces:
600
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.