1102 Ann StPasadena, TX 77506

For Sale
$1,000,000

11-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 11-unit apartment building presents a compelling investment opportunity in Pasadena, Texas. Located at 1102 Ann Street, this single-story, 1958-built property underwent renovations in 2015. The 0.31-acre lot features 11 fully occupied units, each boasting tile floors and high-efficiency washers and dryers, offering a strong rental income stream. With 1.61 parking spaces per unit, tenant convenience is ensured. The property benefits from its prime location, providing easy access to major roadways including Highway 225, I-610 Loop, and Beltway 8. Situated in a favorable Flood Zone X, this investment offers added peace of mind. Further enhancing its appeal, this property is located within Opportunity Zone #48201322100. The asking price is $1,000,000, translating to $95,455 per unit. This turnkey investment is ready for immediate income generation and presents a strong return on investment. The property's Class C designation reflects its solid, income-producing nature. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable Texas location.

Highlights

  • 11-unit apartment building in Pasadena, TX, offering a strong rental income stream.
  • Recently renovated (2015), with all units currently occupied.
  • Each unit features tile floors and high-efficiency washers/dryers.
  • Excellent location with easy access to major highways (Highway 225, I-610 Loop, Beltway 8).
  • Located in Flood Zone X and Opportunity Zone #48201322100.
  • Asking price: $1,000,000 ($95,455 per unit).

Property Details for 1102 Ann St

Property type
Multifamily properties, Apartment buildings
Class
C
Year Built/Renovated
1958/2015
Buildings
1
Stories
1
Lot Size (sq. ft)
13,504 SF
Units
11

Location Insight

City
Pasadena
County
Harris
State
Texas
Latitude
29.69444010051
Longitude
-95.202055037656
1102 Ann St, Pasadena, Texas

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1102 Ann St
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