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Bayshore Townhouses 3302 Burke Rd 15 Unit Apartment Building $1,450,000 ($96,667/Unit) 5.44% Cap Rate Pasadena, TX 77504
Investment Highlights
- Long term tenants
- Maintenance fee includes: Exterior Building, Grounds, Recreational Facilities, Water and Sewer
- Walking distance to Shopping and Food Stores on Spencer Hwy
- Covered / Assigned parking
- Bayshore Townhouses Homeowners Association
Executive Summary
Motivated Seller! - Will Consider All Offers - 15 Separate Condominium Units being sold as a package - Steady income with long term tenants - Many at below market rents - Bayshore Townhouses HOA management office onsite - Maintenance Fee Includes: building exterior, grounds, recreational facilities, water and sewer - Covered Parking - Fenced Patio - Added convenience of two Laundry Rooms and Two Pools - Located in Zone X - Motivated Seller - Make an Offer!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,450,000 | Apartment Style | Townhome |
| Price Per Unit | $96,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 10.11 AC |
| Cap Rate | 5.44% | Building Size | 13,941 SF |
| Gross Rent Multiplier | 8.5 | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment |
| Price | $1,450,000 |
| Price Per Unit | $96,667 |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| Gross Rent Multiplier | 8.5 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 10.11 AC |
| Building Size | 13,941 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1969 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Family Room
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $750.00 | 728 |
| 2+1 | 9 | $962.50 | 828 - 945 |
| 3+1.5 | 5 | $1,000 | 1,110 - 1,184 |
Property Taxes
| Parcel Numbers | Total Assessment | $406,753 (2025) | |
| Land Assessment | $77,283 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $329,470 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$77,283 (2025)
Improvements Assessment
$329,470 (2025)
Total Assessment
$406,753 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Bayshore Townhouses | 3302 Burke Rd
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