Tarantino - Texas Property Management Company Houston Austin San Antonio

Bay Oaks Apartments
1700 Bob Smith Rd.
Baytown, TX 77521

Price:	To Be Determined
Terms:	All Cash
Units:	146
Year Built:	1977
Total Square Feet:	122,316 sq. ft.
Buildings:	13 Plus Leasing Office
Style:	Two-Story Garden Style
Land Area:	7.4829
Proforma NOI:	$318,659

Property Highlights

Bay Oaks Apartments has undergone a $1,000,000 renovation in 2008-2009 to include: All new exterior Hardi board and paint; pool resurfaced, new coping, tile, pool equipment, deck and furniture; renovated leasing office; new front signage, building signage and security lighting; new landscaping; driveways repaired and have new sealcoat and striping; many new HVAC units; new interiors to include ceramic tile flooring, new light fixtures, new appliances and 2" faux wood blinds.

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The information contained in this offering material (“Summary”) is confidential, furnished solely for the purpose of the review by a prospective purchaser of the Property and is not to be used for any other purpose of made available to any other person without the express written consent of Tarantino Properties, Inc. The material is based in part upon information supplies by the owner of the Property (“Owner”) and in part upon information obtained by Tarantino Properties, Inc. from sources it deems reasonably reliable. Summaries of any documents are not intended to be comprehensive or all inclusive but rather only outlines of some of the provisions contained herein or as to engineering or environmental matters. Prospective purchasers should make their own projections and conclusions without reliance upon the material contained herein and conduct their own independent due diligence, including engineering and environmental inspections, to determine the condition of the property and the existence of any potentially hazardous material used in the construction or maintenance of the building or located at the site.