South Center Oaks is an apartment complex comprised of four buildings. The gated apartment structures are two and three story buildings which house a total of 44 efficiency units. The units average approximately 530 square feet each.

The property is conveniently located east of IH-35 and north of Riverside Drive. This is within walking distance of Town Lake and only approximately 1½ miles south of the Central Business District. The area is well served by the UT Shuttle Bus System as well as Capital Metro. The surrounding property uses include other apartment communities, suburban office buildings, neighborhood shopping centers and single family homes.

With considerable deferred maintenance and the threat of a pending foreclosure, the apartment rents were well below market rates upon acquisition. IPS is engaged in increasing the overall desirability of the property. With better maintenance and well planned repairs, the property offers an impressive upside potential. Under new management, value is being added to the property through significant improvements, and overall better tenant satisfaction.