1. Rock Rose Place 7902 Rock Rose St Houston, TX 77051
PROPERTY OVERVIEW
9 Units Total/Built 1960
1 - 1 Bedroom -1 Bath
8 - 2 Bedrooms – 1 Bath
Floor plans range in size from 600 sq ft to 713 sq ft.
Over 70K in capex repairs made in 2018
Class “C” Apartment
Stable Property/Upside in Rent
Price – $640,000
Diane O’Brien – Listing Agent

2. Confidentiality and Disclaimer
This is a confidential Offering Memorandum (the “Offering Memorandum”) intended solely for your limited use and benefit in determining whether you desire to express further interest in purchasing the “Property”.
This Offering Memorandum has been prepared by Lifestyles Realty Advisors (“Broker”) on behalf of the owner of the Property (the “Owner”) and has been reviewed by representatives of the Owner. It contains select information pertaining to the Property and does not purport to be an all-inclusive representation of the state of affairs of the Property, or to contain all the information, which prospective investors may require. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Broker. The information contained herein was obtained from third parties, and it has not been independently verified by Broker.
Prospective investors should have the experts of their choice inspect the Property and verify all information. Broker is not qualified to act as or select experts with respect to legal, tax, environmental, building construction, soils-drainage or other such matters. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. Neither the Owner nor Broker, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy of completeness of this Offering Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Offering Memorandum or use of its contents.
The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers on the subject Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Offering Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Offering Memorandum or making an offer on the Property unless and until written agreement(s) for the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.
By receipt of this Offering Memorandum, you agree that this Offering Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Offering Memorandum or any of its contents to any other entity without prior written authorization of the Owner or Broker. You also agree that you will not use this Offering Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Broker.
Broker reserves the right to submit the Property to additional clients on terms that may or may not be identical to the terms contained herein. By receipt of this Offering Memorandum, you acknowledge that competing interests may develop in connection with offers on the Property, and waive any conflict of interest that might arise as a result thereof. In such case, Broker expressly disclaims any obligation to advance the interest of any client at the expense of any other client who may receive this Offering Memorandum.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR LIFESTLYLES BROKER FOR MORE DETAILS.
Diane O’Brien – Listing Agent

3. Diane O’Brien – Listing Agent
Rock Rose Place
Interior Features
New in most units
Upper and lower cabinets
Faux Granite counters
Faucets and sinks
Black appliance package
Vinyl Plank flooring
Tile floors
Low flush commodes
Bathroom vanities, sinks, faucets
Resurfaced tubs
Water reducer shower heads
New paint
Gas Stoves in all units
Diane O’Brien – Listing Agent

4. Rock Rose Place – Updated Bathrooms
Tiled shower surround
New bathroom vanities/faucets/ sinks
Low Flow Commodes to reduce water usage*
*in select units
Diane O’Brien – Listing Agent

5. Rock Rose Place – Updated Interiors
Easy care vinyl plank installed
Diane O’Brien – Listing Agent

6. Diane O’Brien – Listing Agent
Rock Rose Place
Located in the Opportunity Zone
Easy access to freeways for commuting to work
Redevelopment in neighborhood
Diane O’Brien – Listing Agent

7. Diane O’Brien – Listing Agent
Rock Rose Place
Rock Rose Place, an 9 unit apartment complex, is located close to the medical center with easy access to freeways.
The property was built in 1960 and is spread out in 2 separate buildings plus a small laundry facility. Rock Rose Place offers residents 1 bedroom / 1 bathroom plan as well as 2 bedroom / 1 bathroom floorplans with off street parking for residents. The property is individually metered for gas and electricity.
Diane O’Brien – Listing Agent

8. Diane O’Brien – Listing Agent
Rock Rose Place
Property Highlights and Interior Amenities
Open Concept – Kitchen/dining/living room
Copper Wiring
Electric Stoves – 8 out of 9 are new
Quiet, Clean, Well Taken Care of Property
Low Expenses Per Unit
Exterior Freshly Painted
Diane O’Brien – Listing Agent

9. Rock Rose Place Unit Mix
Diane O’Brien – Listing Agent

10. Rock Rose Place – Rental Comps
4210 Kewanee St. 2B/1B 
Rent: $799/mo
Deposit: $499
No pets allowed. 
Window units for cooling and heating.
This is a 6 unit property
4615 Brinkley St 2B/1B 
Rent: $995/mo 
Deposit: not listed 
Window units for cooling and heating 
No washer or dryer connections
Water paid by landlord 
"Townhome"
4611 Brinkley St Unit B 2B/1B 
Rent: $890/ mo 
Deposit: $890
$30 charge for shared water bill plus $890 rent 
Window units for cooling and heating 
Property not fenced. No laundry on site. 
This is a 9 unit property. 
4633 Alvin St 2B/1B 
Rent: $900/mo
Deposit: not listed 
No washer/dryer connections 
This is a duplex
Diane O’Brien – Listing Agent

11. Diane O’Brien – Listing Agent
IABS
Diane O’Brien – Listing Agent