4841 N Tx State Hwy 35 Highway

Rockport, TX 78382

Exceptionally maintained and updated 8 unit apartment building. All units rented with stable tenants-owner in one unitnegotiable on leasing back, vacating or leasing prior to closing. Rents recently increased but there is sufficient room toincrease rents further to keep up with market rates. All AC units have been replaced in the last 4 years. The roof and backawning are rated with WP8 at 160 mph. All windows were replaced with shatterproof glass. Quartz counters, updated cabinetsin all units installed in 2018. All units complete with all appliances: built in microwave, refrigerators with ice makers, electricrange, dishwasher, and combo washer dryers. Price based on 7% cap rate. Owner financing with 50% down, 3 year balloon,and approved credit report. Property management available at 8%.