DESCRIPTION
This complex is comprised of 16 units, being 2 eight unit buildings. All 16 are 1 bedroom, 1 bath, two story units. Nine units have been remodeled in 2008 including paint, tile and carpet, water heaters, washer, drier, and stove. The approximate cost of remodeling was $8,500. - $9,000. per unit. Each unit is on seperate electric meters and management provides water, sewer, and garbage.

LOCATION
These apartments are ideally located 1 block off of IH-35 within the city of Lytle. They are nestled behind the Days Inn Motel and the Blockbuster Video store and within walking distance of HEB, Dairy Queen, Sonic and other amenities. Lytle is a very reasonable commute from San Antonio, the Toyota Plant and Lackland Air Force Base.

RENTAL
The remodeled units rent for $500. and the remaining units rent for $425./month. Historic occupancy has been very high, at times being 100%. Rent rolls and other pertinent information will be made available to serious buyers.

UTILITIES
The complex is serviced by CPS and the city of Lytle.

REMARKS
Lytle and the entire IH-35 south corridor has been experiencing considerable and consistant growth, even in today's economic climate. Recent new businesses in Lytle include a bank, drugstore, several food establishments and expansians in the retail, medical and government service sectors.

PRICE
$585,000.00 or $42,000. per unit