Final Reminder! | Park at Fallbrook | 280 Units in Houston, TX

Final Reminder! | Park at Fallbrook | 280 Units in Houston, TX

Paul Yazbeck Paul Yazbeck

Paul Yazbeck

Managing Partner at The Multifamily Group

发布日期: 2024年7月23日
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  • Call for Offers Friday, August 2, by 5:00 PM CDT
  • HUD Loan Assumption at 2.49% With Estimated LTV > 72%
  • Great Unit Mix With 84% of Units Either 2BD or 3BD (57% 2BD, 27% 3BD)
  • Average Rents of $1,147/Month and Average Unit Size Greater Than 1,000 SF
  • Property Is Tax Exempt With Ground Lease in Place With CCHA
  • New Roofs on Entire Complex in May 2024; Insurance Reduction of ~$140,000 With May 2024 Renewal
  • Continuous Investment With Over $1.8MM Invested in CapEx Since 2021
  • 96% Current Occupancy; ~$70/Month Below Max LURA Rents

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