713-587-9606
3420 Federal Rd, Pasadena, TX for Sale
Apartments - FOR SALE
1/15
null | Request Cap Rate

3420 Federal Rd
Pasadena, TX 77504
Southeast Houston


OVERVIEW

GET ACCES TO THE VIRTUAL DEAL ROOM BY CLICKING THE LINK BELOW https://grea.com/properties/#/townhomes-at-vista-gardens Townhomes at Vista Gardens is a 32-unit, townhome-style apartment community located in the high-demand Pasadena submarket of Southeast Houston. Fully occupied, the property offers immediate cash flow and a stable tenant base, largely composed of working-class residents employed in nearby industrial, petrochemical, and shipping sectors. The community features a mix of primarily two-bedroom, one-and-a-half-bath townhomes and four one-bedroom units, with washer/dryer connections in all but the one-bedrooms. Ten units have been upgraded with modern finishes, achieving strong rent premiums, while 22 classic units present a clear value-add opportunity. Select floorplans have been successfully converted from two- to three-bedroom units with minimal construction, resulting in further rent growth. Located near major freeways and the Port of Houston, Townhomes at Vista Gardens combines strong in-place income with multiple paths for upside.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

32

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Townhomes at Vista Gardens

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,442 SF

ZONING

none

APN/PARCEL ID

0610870000223

ASK ABOUT THIS PROPERTY

713-587-9606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

713-587-9606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.