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#HUDauction Stockton Village Apartments

Daily newsbrief journal for November 2011, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


#HUDauction Stockton Village Apartments

Postby admin » Wed Nov 23, 2011 10:18 am

Stockton Village Apartments
1101 W. Sherer
Fort Stockton, TX 79735
64 Units See Photos and Download the Invitation to Bid!
http://portal.hud.gov/hudportal/HUD?src ... fh/pd/stoc

ORContact the Realty Specialist:
Debie Bolin
(817) 978-5822 This apartment complex was built in 1975 and is comprised of 5, two-story, garden, walk-up style buildings. Located on approximately 3.89 acres this property offers: 12 one-bedroom, 24 two-bedroom, 20 three-bedroom, and 8 four-bedroom units. Other features include: Barbeque-picnic area, play ground, separate office, maintenance and laundry facility. HUD is requiring repairs, estimated at $2,372,890, to be completed within eighteen (18) months of closing. A $250,000 Letter of Credit is required at closing to ensure the completion of repairs. Information concerning environmental issues and repair requirements are provided in the Invitation to Bid (bid kit.) Interested parties are urged to review the bid kit. HUD does not own or operate this facility and cannot grant access for viewing. Viewing is at the discretion of the current owner/management agent.
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