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1502 Allendale Rd
Pasadena, TX 77502
Rio Roble Apartments · Multifamily Property For Sale
·
25 Units
PROPERTY FACTS
| No. Units | 25 | Building Size | 16,053 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1958 |
| Building Class | C | Parking Ratio | 2.12/1,000 SF |
| Lot Size | 0.58 AC | ||
| Zoning | N/A | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 16,053 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | N/A |
AMENITIES
SITE AMENITIES
- Courtyard
- Laundry Facilities
ABOUT 1502 ALLENDALE RD , PASADENA, TX 77502
River Oaks Equity Partners, as exclusive advisor and agent, proudly presents Rio Roble Apartments in Pasadena, Texas. This value-add offering allows an investor the opportunity to acquire a 25-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 $75,000 capital investment spent on unit interiors would allow a new owner to dramatically increase rents 26 percent based upon similar units in the submarket. Seller financing not available. For more information, please visit: http://riveroaksequity.listinglab.com/RR021907/
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | - | 610 |
PROPERTY TAXES
| Parcel Number | 0451690000041 | Improvements Assessment | $1,238,174 |
| Land Assessment | $151,590 | Total Assessment | $1,389,764 |
PROPERTY TAXES
