904 Beverly Ave - Apartments FOR SALE


Pasadena, TX 77506- Downtown Pasadena
$550,000 USD
904 Beverly Ave, Pasadena, TX for Sale
$550,000 USD
Apartments - FOR SALE
1/45
null | Request Cap Rate

904 Beverly Ave
Pasadena, TX 77506
Downtown Pasadena


OVERVIEW

Unlock the potential of this exceptional multi-family investment property located in the heart of Pasadena, Texas. This offering features two buildings situated on a spacious lot, comprising a total of 6 rental units with the potential of 8 units. There are 2 - 1 bedroom and 1 bathroom units and 1 - 2 bedroom and 1 bathroom units in each building. The room labeled laundry on 904 Beverly has the water heater and washer hookups. 1009 Witter utility room could be a possible efficiency space. Conveniently located near schools, shopping centers, and major highways, this investment benefits from high rental demand and strong market fundamentals. Whether you're expanding your portfolio or seeking a first investment, this is a rare opportunity to acquire a cash-flowing asset in a thriving Pasadena submarket. In 904 Beverly Unit A is leased for $900 until 5/31/26, Unit B is leased for $950 until 12/31/26 and Unit C is vacant. In 1009 Witter Unit A is leased out for $900 until 6/30/26 and Unit C is leased out for $1,000 until 12/31/26 and Unit B is vacant. CALL MONA MALONE AT 832-647-4340 OR EMAIL AT MONA@CHRISTYBUCKTEAM.COM FOR ANY QUESTIONS OR OFFERS. Office mandatory buyers packet to be filled out and submitted with all offers. All room measurements are approx. See offer instruction sheet.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

6

PRICE/UNIT

$91,667

CAP RATE

Request Cap Rate

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

904 Beverly Ave/1009 Witter St, Pasadena, TX

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,040 SF

ZONING

-

APN/PARCEL ID

0650330000124

ASK ABOUT THIS PROPERTY

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