Assumable Financing– The property is financed by a fully assumable Fannie Mae loan at a favorable 5.85% fixed interest rate, subject to lender approval. This structure allows a qualified buyer to step into existing in-place financing, providing attractive leverage and protection against future rate volatility. See OM for additional details.

Prime location — Minutes to the Texas Medical Center with immediate connectivity via Loop 610 and South Main, making it highly convenient for medical professionals and the broader Med Center employment base.

Boutique scale with proven demand — 54-unit community with historically strong performance (LoopNet listing indicated ~96% average occupancy), supporting durable renter demand in a core infill location.

Recent capital improvements — Renovated in 2020 with over $1.6 million spent, positioning the asset as a “move-in ready” community versus a heavy lift value-add.

Resident features — Interiors and amenities marketed with hardwood/wood flooring, granite countertops, private balconies/patios, walk-in closets, and all-electric kitchens (pantry, dishwasher, refrigerator). The property also advertises covered parking and accessibility features.

Layout — Low-rise, 2-story asset totaling roughly 56,794 SF, originally built 1961, with ~56 parking spaces—a functional, efficient configuration for operations and resident experience.