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701 Preston
Pasadena, TX 77503
Linda Vista Apartments · Multifamily Property For Sale
·
264 Units
PROPERTY FACTS
| No. Units | 264 | Building Size | 229,560 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1963/2016 |
| Building Class | C | Parking Ratio | 1.74/1,000 SF |
| Lot Size | 10.20 AC |
| No. Units | 264 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.20 AC |
| Building Size | 229,560 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2016 |
| Parking Ratio | 1.74/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Trash Compactor
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Playground
- Property Manager on Site
- Tenant Controlled HVAC
- Renters Insurance Program
- Storage Space
- Bicycle Storage
- Hearing Impaired Accessible
- Maintenance on site
- Multi Use Room
- Online Services
- Vision Impaired Accessible
- Public Transportation
- Individual Locking Bedrooms
- Private Bathroom
ABOUT 701 PRESTON , PASADENA, TX 77503
Vista del Sol is a brick and wood, Class "C+" quality project located in Pasadena, Texas approximately 9 miles southeast of downtown Houston. The property has excellent access to Hwy 225, Loop 610, and Beltway 8. Strong job base due to its proximity to all of the petrochemical facilities in Pasadena. Working class tenant profile. The property was renovated in 2003/2004, at a cost of $1,600,000, with all new roofs and additional exterior upgrades in 2009/2010. The 2010/2016 rehab also included upgraded interiors, redesigned units with crown molding and ceramic tile flooring. The property is located in the Deer Park School District. There is great job growth in the area and Pasadena is a "barriers to entry" city for apartments, i.e., Pasadena requires very low density and a $2M lifetime performance bond, effectively eliminating new construction. Consequently, existing housing stock will eventually rise in value since it will not be economically feasible to build new apartments. The existing debt offers excellent cash on cash potential. This is an exceptional opportunity to assume a low interest rate loan on a solid, performing property in a stable, growing market. Please do not visit the property without an appointment. No Exceptions!
PROPERTY TAXES
| Parcel Number | 0402180030045 | Improvements Assessment | $13,105,117 |
| Land Assessment | $1,776,952 | Total Assessment | $14,882,069 |
PROPERTY TAXES
