Tarantino - Texas Property Management Company Houston Austin San Antonio

Hunterwood Apartments (RECENT FORECLOSURE)
5830 S. Lake Houston Pkwy.
Houston, TX 77049

Price:	Market
Terms:	Cash
Units:	256
Occupancy:	35%
Year Built:	1972
Total Square Feet:	224,526 sq. ft.
Style:	Garden style Apartments, Townhomes, & Duplexes
Land Area:	40.83 Acres
Proforma NOI:	$673,015

Property Highlights

RECENT FORECLOSURE-The Hunterwood apartments consist of 256 units along with approximately 27.52 acres of additional land with the potential for future development. Hunterwood offers an investor an excellent opportunity to acquire a distressed asset with tremendous upside potential after a major renovation and a lease-up. Future plans show the section of South Lake Houston Parkway which Hunterwood is located will become part of the Crosby Freeway connecting I-10 to the Sam Houston Tollway East. Once completed, Hunterwood will be even more accessible and will benefit from significant drive-by traffic as it will have freeway access. This has been under construction for several years now and the frontage road is completed in front of Hunterwood. PLEASE CONTACT MATT PHILLIPS (713-954-1758) TO SCHEDULE A PROPERTY TOUR OR EMAIL AT matt@tarantino.com.

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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.