2135 Shaver St
Pasadena, TX 77502
Shaver Park Apartments · Multifamily Property For Sale · 36 Units

Rozewood Apartments is a 36 unit apartment complex in Pasadena, TX, about 3 miles south of Hwy 225 and 3.5 miles from major freeways I-45 & Beltway 8. The property is well located for residents, offering them a wide variety of retail, restaurants and employment options just steps from their apartment. South Shaver elementary is across the street and Sam Rayburn High School is 1.8 miles away. Convenient access to William P. Hobby Airport (less than 6 miles to the southwest), the Port of Houston (8 miles north) and Downtown Houston (12 miles northwest) Property Information - Built in 1969, the complex is spread out over 3 separate buildings with each having their own individual boiler room. The property is individually metered for electricity and gas. On site office in Building B. Located in a Strong submarket rental rate growth (5.1%) over the last 12 months, occupancy has been around 94% with some units on a waiting list during rehab phase. Rozewood Apartments has received significant rehab and upgrades, perfect for an out of town investor or one looking for very little maintenance. Property did not flood during Hurricane Harvey. Unit Features - There are spacious one and two bedroom floor plans available. Brand new features include - Fully equipped kitchens with new appliances, Tile flooring, Wood plank flooring upstairs, Granite countertops, Stainless steel sinks, New Wood Cabinets, Ceramic tub and tile surround, updated toilets, Cable/Satellite ready, Ceiling fans. Most units have brand new wall mounted A/C units. The majority of the water pipes were also replaced due to excessive buildup and this has improved water usage. Exterior Features – The property has received full exterior paint with satin finish, siding, soffit and fascia replacement, landscaping improvements, tree stub removal, new stairs and new wood fencing around the property. Building A had a new roof, May 2018 as did the boiler room. Significant asphalt repairs were completed throughout the property with fresh parking lines painted. An automatic security gate will be added at the property entrance in June. Property also comes with an additional 1/3 acre of land at the back of the property, potential for an additional building.