Class "C" Apartments in a Class "B" Market-Value Add 153 Unit Apartment Complex in Lake Jackson, TX Start Price - Current Price - Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Friday, August 22, 2008 End Time Sunday, September 21, 2008 Location Houston, TX See more about 'Class "C" Apartments in a Class "B" Market-Value Add' Description Cushman & Wakefield of Texas, Inc., Apartment Brokerage Services Division, is pleased to announce the exclusive listing of Oakwood Apartments in Lake Jackson, Texas. Lake Jackson is a vibrant community with about 27,000 citizens. It is part of the Brazosport-Southern Brazoria County area, which is comprised of several beautiful neighborhood communities, and has a population that nears 70,000. Lake Jackson is located fifty miles south of Houston, forty-five miles southwest of Galveston and eight miles north of the Gulf of Mexico. The property is strategically located on Lake Jackson’s major thoroughfare, Highway 332 West, a few miles of State Highway 288. Oakwood offers diverse units including one, two and three bedroom units with comfortable amenities including pools, laundry facilities and childrens playground. PROPERTY FEATURES: •Best Class “C” asset in Lake Jackson •Located on Highway 332, east of Hwy 288,    west of CR532 and Lake Jackson •Offering units with diverse one, two, and three-bedroom floor-plans  •Sparkling pools, laundry facilities, playground,    and barbeque grill INVESTMENT DRIVERS: • Excellent location in the heart of Lake Jackson along    Highway 332  • Value-Add investment with current under market rents• 11.2% year on cash on cash return, 22.2% five year    leveraged IRR• Excellent 1031 Opportunity  • Property is being offered under $25,000 per unit• Available one an all cash basis  For more information on this property or to sign Confidentiality Agreements, please click below: Confidentiality Agreement   http://listing.loopnet.com/15861411 For more information on this property or others like it, please email us at: walter.montague@cushwake.com To visit our website, please visit us at: http://apartments.cushwake.com/houston     Place a Bid!