Properties for Sale Canal Street, Houston, TX Prepared for 1/28/2015

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1 Prepared for 1/28/2015 Presented by Kevin Riles Upscale Properties (281) Ext: 4 kevin@kevinrilescommercial.com License: Properties for Sale Canal Street, Houston, TX Property Details Price $120,000 No. Units 10 Building Size 5,760 SF Lot Size 7,072 SF Price/Unit $12,000 /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Distressed Yes Status Active Property Notes Property Description Eight unit multi family brick building with an adjacent 2 unit duplex for a total of 10 units. This foreclosed property is being sold as is with no repair credits or representations. Offers must be in the form of a buyer letter of intent and all cash with a 21 day close. All tenants are month to month and certain plumbing and electrical work to comply with city code is necessary. A new $4,000 electrical/breaker panel with new conduits for this property was just installed January 16th, 2015.Building size: 5,760 SF (approximate), buyer should measure for exact square footage.lot size: 7,072 SF (corner lot) Built in 1950.Two (2) Story building, Eight 1 Bedroom units, Two 2 Bedroom units Location Description Located off of Navigation on Hwy 59. East on Navigation to Milby St., south to Canal St. Property is located at the corner of Canal and Kendall Streets.

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4 & 4515 Lockwood Dr., Houston, TX Property Details Price $1,750,000 No. Units 70 Building Size 48,350 SF Lot Size 1.43 AC Price/Unit $25,000 /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Distressed Yes Occupancy 71% No. Stories 2 Year Built 1965 Status Active Property Notes Property Description *****OFFERS DUE: WEDNESDAY, FEBRUARY 4th, 2015*****The Legacy Apartments is a 70-unit apartment community constructed in 1965 and The property consists of two separate phases less than a mile from one another on Lockwood Dr. The Legacy Apartments in positioned 2 miles east of Highway 59, less than a mile south of Interstate 610, and 1.5 miles north of Interstate 10. Houston's Central Business District is within 4 miles with over 150,000 employees and 11 Houston Fortune 500 Company Headquarters.The Legacy apartments presents an opportunity to increase rental rates through an interior and exterior renovation program. Surrounding rental comparables are achieving $1.00 to $1.32 per SF in market rents, providing a new owner significant rental upside which are currently $0.96 per SF at the subject. The property is a recent foreclosure. Location Description -Located within Houston's Inner Loop East submarket which has experienced annualized rental increases of (7.0%) over the past 12 months and occupancy (10.4%) growth in the past three months.-houston ranks first in the nation for large metropolitan area job growth and third in employment growth- 107,400 locals jobs were added from August 2013 to August Payroll employment rose 4.0%, the largest percentage increase among the nation's major metros and well above the national growth rate of 1.9%- Houston CBD has over 1.4 million SF of new Class "A" office space under construction and 6 million SF proposed(projects include: Hines' one-million sf office building at 609 Main; Finger Companies' almost 400-unit, 7 story apartment property next to Minute Maid Park; redevelopment of the Old Texaco Building to residential; a second convention center hotel, the Marriott Marquis with 1,000 rooms; JW Marriott conversion from a historic office building; and a new High School for the Performing Arts)

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