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- LoopNet Team
3940 S Shaver St
Houston, TX 77034
Las Plazas · Multifamily Property For Sale
·
79 Units
INVESTMENT HIGHLIGHTS
- Property is available on assumption at 3.4%; all cash or new loan
- Located in the highly rated Pasadena ISD
- New Roof replaced 2025
- Ideal for long-term hold
- The property has been renovated
EXECUTIVE SUMMARY
Las Plazas Apartments boast a prime location with easy access to Interstates 45 and 610, offering convenient travel throughout the state. Just minutes away from top dining, shopping, and entertainment, the property is also located within the highly regarded Pasadena Independent School District. The community offers five spacious floor plans, including one, two, and three-bedroom units. Residents enjoy features like private balconies or patios, ceiling fans, air conditioning and heating, and ceramic tile flooring. Pet-friendly, Las Plazas also includes a dedicated bark park. Additional amenities include gated access, on-site and on-call maintenance, and an on-site laundry facility. Between 2016 and 2019, the property underwent significant renovations and repairs totaling $1,351,681. A new roof is set to be installed in 2025. This property is available for purchase via loan assumption, cash purchase, or a new loan, with approximately five years remaining on a Fannie Mae loan at a 3.35% interest rate, which can be transferred to the buyer. The total outstanding debt is approximately $3.2 million.
PROPERTY FACTS
| No. Units | 79 | Building Size | 65,736 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Garden | Parking Ratio | 2.3/1,000 SF |
| Building Class | C | APN / Parcel ID | 0432170000033 |
| Lot Size | 2.40 AC | ||
| Zoning | None | ||
| No. Units | 79 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.40 AC |
| Building Size | 65,736 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.3/1,000 SF |
| APN / Parcel ID | 0432170000033 |
| Zoning | None |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | - | 580 - 620 |
| 2+1 | 32 | - | 750 - 925 |
| 3+2 | 2 | - | 1,200 |
| 3+1 | 3 | - | 1,200 |
| 3+1.5 | 2 | - | - |
