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3200 Federal Rd
Pasadena, TX 77504
Vista Gardens Apartments · Multifamily Property For Sale
·
116 Units
Investment Highlights
- Unique Value-Add Opportunity in the heart of Pasadena, TX.
- 78 of the Units have been recently renovated (backsplash, flooring and new cabinets). There is currently no premium being charged for these units.
- There is approximately a $300 rent delta between these units and comps with washer dryer connections.
- Excellent Unit Mix (52% of the units are either 2 or 3 bedrooms).
- 72 of the units currently do not have washer dryer connections.
- In place effective rents are approximately $250 below nearby competitors.
Property Facts
| No. Units | 116 | Lot Size | 4.96 AC |
| Property Type | Multifamily | Building Size | 96,414 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1978 |
| Building Class | C | Parking Ratio | 2.15/1,000 SF |
| Zoning | none | ||
| No. Units | 116 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.96 AC |
| Building Size | 96,414 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.15/1,000 SF |
| Zoning | none |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Views
Site Amenities
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Playground
- Pool
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 56 | - | 504 - 650 |
| 2+1 | 20 | - | 800 |
| 2+2 | 20 | - | 950 |
| 3+2 | 20 | - | 1,150 |
Property Taxes
| Parcel Number | 0610870000116 | Improvements Assessment | $6,586,369 |
| Land Assessment | $1,080,650 | Total Assessment | $7,667,019 |
Property Taxes
Parcel Number
0610870000116
Land Assessment
$1,080,650
Improvements Assessment
$6,586,369
Total Assessment
$7,667,019
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