Brazos Elite Realty Services has been exclusively retained by the Owner, in connection with the listing of Quail Hollow Apartments, a garden-style multifamily community located in Bryan, Texas. You are being offered the opportunity to purchase the property which consists of 176 units conveniently located near 29th and Briarcrest just minutes from Blinn College and Texas A & M University.

Built in 1982, this Class B asset features four spacious floor plans consisting of one bedroom, two bedroom and three bedroom homes that range in size from 640 square feet to 1000 square feet for an average size of 839 square feet. The property consists of 12 two-story buildings with approximately 147,584 square feet. The property also features a spacious office, fitness center and clothes care center. The property is situated on 9.21 acres.

All units have been upgraded with new appliances. The majority of the units have also been ungraded with 2

Quail Hollow apartments offers a new investor an excellent opportunity to purchase a stabilized asset with potential upside.

Quail Hollow is being offered as a loan assumption with attractive Fannie Mae financing in place. Because the current loan matures in 2017, supplemental funding is not available.

The loan has an existing interest rate of 5.695%. The loan balance as of December 31, 2013 is $6,543,000.

Although the Bryan/College Station market is very competitive, Quail Hollow has maintained an occupancy of over 90% for the past 10 months.

Total Income for the property has increased by 23.18% since June 2011, 14% since 2012.

Total Expenses have been reduced by 4.3% in the past year and further reduction is expected due to cost saving measures that have been implemented.

Capital improvements in excess of $300,000 have been completed within the last eighteen months.