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801 S Allen Genoa Rd
South Houston, TX 77587
Terracita Apartments · Multifamily Property For Sale
·
176 Units
Investment Highlights
- Stabilized 177-unit garden-style community in South Houston
- Direct access to Port of Houston, Hobby Airport, and I-45
- 91.5% occupied with value-add potential and strong cash flow
- Rent range from $939–$1,579 ideal for cost-conscious tenants
Executive Summary
Colliers is pleased to offer Terracita Apartments for sale—a stabilized, gardenstyle multifamily community located in South Houston within Pasadena, Texas. This property features 177 units. Built in 1972, Terracita spans 145,922 square feet of rentable space across 5.35 acres.
The asset is currently 91.5% occupied and offers a mix of one-, two-& three bedroom floor plans with an average unit size of 824 square feet. Current rents range from $939 to $1,579 per month, making Terracita a compelling option for cost-conscious renters in this South Houston submarket.
Strategically positioned at 801 S Allen-Genoa Rd, the property offers excellent access to major employment centers including the Port of Houston, Hobby Airport, and the Pasadena and Southeast Houston industrial corridors. Connectivity to I-45, Beltway 8, and Highway 3 further enhances its appeal to workforce renters seeking quality, well located housing.
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Terracita Apartments represents a rare opportunity to acquire a stabilized, cashflowing asset with clear value-add potential in a high-demand rental market.
The asset is currently 91.5% occupied and offers a mix of one-, two-& three bedroom floor plans with an average unit size of 824 square feet. Current rents range from $939 to $1,579 per month, making Terracita a compelling option for cost-conscious renters in this South Houston submarket.
Strategically positioned at 801 S Allen-Genoa Rd, the property offers excellent access to major employment centers including the Port of Houston, Hobby Airport, and the Pasadena and Southeast Houston industrial corridors. Connectivity to I-45, Beltway 8, and Highway 3 further enhances its appeal to workforce renters seeking quality, well located housing.
???????
Terracita Apartments represents a rare opportunity to acquire a stabilized, cashflowing asset with clear value-add potential in a high-demand rental market.
Property Facts
| Sale Type | Investment | Lot Size | 5.46 AC |
| No. Units | 176 | Building Size | 152,572 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1962/2000 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Zoning | MF - Multi-Family Residential | ||
| Sale Type | Investment |
| No. Units | 176 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.46 AC |
| Building Size | 152,572 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2000 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | MF - Multi-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- 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
- Pantry
- Trash Compactor
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Gated
- Renters Insurance Program
- Hearing Impaired Accessible
- Maintenance on site
- Online Services
- Vision Impaired Accessible
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 450 |
| 1+1 | 72 | - | 630 - 850 |
| 2+1 | 63 | - | 706 - 911 |
| 2+2 | 13 | - | 1,022 |
| 3+2 | 26 | - | 912 - 1,265 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $14,083,224 | |
| Land Assessment | $932,984 | Total Assessment | $15,016,208 |
Property Taxes
Parcel Numbers
Land Assessment
$932,984
Improvements Assessment
$14,083,224
Total Assessment
$15,016,208
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