INVESTMENT INFORMATION: OFFERS DUE TUESDAY, MARCH 28TH 2023
1) WINDSOR PARK - is a value enhancement opportunity. The property is being offered on an "all cash" basis (new loan is required). Windsor Park is a 129 unit, "C" grade, garden style apartment community located in far southwest Houston. The property is individually metered for electric and master metered for gas and water (the owner is billing back for water), for additional income a new owner may be able to bill back for gas and trash. The owner has performed some upgrades, there seems to be good upside with continued exterior and interior rehabs. The rents are well below the average for the area competition. Most properties in the immediate area have seen some degree of rehab and demand much higher rents per S.F.