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1010 Jackson Ave
Pasadena, TX 77506
Rio Sereno · Multifamily Property For Sale
·
42 Units
PROPERTY FACTS
| No. Units | 42 | Building Size | 26,160 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 1.06 AC |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 26,160 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1/1,000 SF |
AMENITIES
SITE AMENITIES
- Courtyard
- Laundry Facilities
ABOUT 1010 JACKSON AVE , PASADENA, TX 77506
River Oaks Equity Partners, as exclusive advisor and agent, proudly presents Rio Sereno Apartments in Pasadena, Texas. This value-add offering allows an investor the opportunity to acquire a 42-unit apartment complex in the sought-after submarket of Pasadena. The property is situated in a high-traffic count street close to major thoroughfares and a short distance from Hobby Airport (approximately five miles) and the Port of Houston (approximately six miles). The exterior has been renovated and select interior units have been updated less than 12 months ago. A $114,000 capital investment spent on unit interiors would allow a new owner to dramatically increase rents 19 percent based upon similar units in the submarket. Per Seller, the property did not flood during Harvey. Seller financing not available. For more information, please visit: http://riveroaksequity.listinglab.com/RS021908/
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | 595 - 700 |
| 2+1 | 10 | - | 800 - 1,150 |
PROPERTY TAXES
| Parcel Number | 0710850000058 | Improvements Assessment | $1,820,078 |
| Land Assessment | $460,040 | Total Assessment | $2,280,118 |
PROPERTY TAXES
