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[Lorelei Hilz]

This will likely be the only deal that goes back to a bank in the Heights submarket. There are no financial statements available yet since the management company is still getting its hands around the deal, but a RR is attached. The deal is about 90% occupied as we speak and essentially stays full.
The deal is listed at the current appraised value but will obviously trade below this number.

Asking price: $1,050,000
Price Per Unit: $35,000
Units: 30
year built: 1962
Total Rentable SF: 22,100
Average Unit Size: 737
Average rent/unit: 585
Average Rent SF: 0.79
Lot Size: 0.60 Acres

It is in Houston, Texas...