Village Square Apartments (Friendswood, TX) is being offered on an “All Cash” basis (buyer to obtain new financing). The property is a 33-unit, C+ grade property in an A area, 1968 built, garden-style community with a 55+ seniors designation and which maintains an above average occupancy rate - currently 100% occupied. It is located in the Friendswood area of the Houston MSA with strong access to the business district along Friendswood Drive and IH-45 one of the main connectors to Houston, NASA, Clear Lake, and the Bay Area Houston region. The property is positioned just steps from S Friendswood Blvd in an “A" rated area of Friendswood. The owner has invested $900,000+ in CapEx since January 2023 which includes new thermoplastic polyolefin (TPO) roof in 2023, repairing and refurbishing the mansards in 2023 and 2024, and all the underground sewer pipes were replaced in 2026. The community features full appliance packages and ceiling fans in each unit; there is no onsite leasing office. The property offers 59 parking spaces (32 are covered), one on-site laundry room with machines owned by the property, covered entry for all units, and amenities including cable, a pool, fully fenced grounds, and sitting/grilling areas. The community is all-electric except for the gas hot water boilers. The property is assessed at a value under $5 million therefore the tax assessment is capped at 10% per year at this time.