All Forum Posts by: Gavriel N.

interesting post. I am builder, licensed contractor and developer out of houston, I also manage a private equity fund put together by myself and family. We are in the acquirement and hold of value added and opportunistic assets in Houston and Austin. We also build retail and urban living if land permits and makes sense.

@Ajistesh interesting post. I am builder, licensed contractor and developer out of houston, I also manage a private equity fund put together by myself and family. We are in the acquirement and hold of value added and opportunistic assets in Houston and Austin. We also build retail and urban living if land permits and makes sense.

200 broken Bough ln

Possible Assisted Living or Day Care Facility $375k. Cash $325k Current Income of $4960 monthly we are owner manager.

Expenses $1200 Tax & insurance included current NOI $4,960
Pro Forma NOI at full occupancy ($6.5k-$45k per month)

Property currently occupied by 8 tenants renting the rooms.
6000 sqft 13 bedrooms, 6 Bathrooms.
Former assisted living facility located near private golf club community for sale featuring 13 bedrooms, 6 Bathrooms, 2 Kitchen and laundry areas, 3 dining areas, AC window boxes in most rooms, large day room with fireplace, large front porch, state approved sprinkler, boiler 7 years, custom built ramps in some areas, monitor central alarm system, exit signs, emergency lighting, Hand rails and many more features. Tenants are on month to month contract.

Upgrade required
-Additional AC central unit system
-to be created additional 10 Parking spots.

(MD partner backed out.)

Asking price $370k. Cash $320k with a $5,000 non refundable deposit to serious buyers to lock the deal up and your the property this will be deducted at closing.

(Please do not disturb tenants)

(281) 886-8332

[email protected]