BACK ON MARKET BUYER COULDN'T SECURE A LOAN - BRAND NEW eleven unit apartment complex in very popular Gulfgate (SE Houston area) 9.6% AS IS CAP RATE! Fully occupied now. Beautifully rebuilt with new everything! New 30-year roof with transferable warranty, new double paned windows. Property was rebuilt with reinforced studs, new insulation, new sheetrock, texture and paint. Stunning new marble tiled bath with new vanities and luxury chromed fixtures. Kitchen has been rebuilt with new cabinets and modern tile backsplash, gorgeous Alaska White granite counters with undermount sinks. New vinyl wood floors throughout make for a lasting tenant experience. New central AC with new thermostats. BRAND NEW coded entry gate, a coded vehicle gate and 7 foot high wooden fence. New asphalt just poured on parking (warranty transferable). Owned coin op laundry on site (not leased). Brand new water heaters. All 1 year contracts. 8 one bedrooms, 3 two bedrooms, 1 three bedroom 1.5 baths.