Herbert Multi

902 Herbert Avenue, Pasadena, TX

$648,000

Price

5.23%

Cap Rate

$49,390

NOI

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Street
Map
Overview
Cap Rate
5.23%
NOI
$49,390
Pro Forma Cap Rate
7.12%
Building Size
5,428 sqft
Lot Area
11,325 sqft
Occupancy
100%
Class
C
Units
8
Year Built
1960
Price Per Sqft
$57.75
Price Per Unit
$81,000
Zoning
Residential - Multifamily
Floors
2
Parking Spots
8
Description

Older property that stays full occupancy. Property is located in the refinery area of Texas. Simplistically , it is a working person neighborhood. Property received its 2023 Certificate of Occupancy .

Highlights
  • 100 % Occupied
  • Centralize Pasadena Location
  • Good public Transportation
Documents
Title
Herb_OM8-30.pdf
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Location
Gallery