1) ROCK SPRINGS - is a value enhancement opportunity. The property is being offered on an "all cash" basis (new loan is required). Rock Springs is a 256 unit, "B-" grade, garden style apartment community located in Houston's New Chinatown of Southwest Houston, TX. in the county of Harris. 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 upgrades. 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. RECENT SUBSTANTIAL INCREASE IN REVENUE!