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INVESTMENT HIGHLIGHTS
- All Cash or New Loan Basis
- Mostly All Bills Paid Property
- New metal roofing on large building
- Located in the Pasadena Submarket of SE Houston
- Needs Minor Exterior Upgrades, Landscaping and Parking lot Repairs
- Additional land can be developed into storage or parking
EXECUTIVE SUMMARY
Violet Street Apartments is a 15 unit community located in the heart of the Pasadena submarket of SE Houston, Texas. The asset was constructed in 1971 and per HCAD, was rehabbed in 2017. The asset has been renovated with fresh paint and upgraded kitchens and bathrooms. The spacious units feature breakfast bars, granite counters, refrigerators, pantries, tile flooring, ceiling fans, mini blinds, central A/C and heating and large walk in closets. Per apartments.com, the property is "ABP" or all bills paid, including water, gas and electricity.
Per owner, approximately half the units pay $20/month in pet rent and units A,B,C also pay an additional $20/month in water RUBS. Per owner, the big building has a relatively new standing seam metal roof. All units have granite counter tops and updated kitchens and ceramic tile flooring. As of 8/22/25, all but one unit has been updated with ceramic tile floors, painted cabinets with pulls, nice appliances, nice interior paint. Per owner roofs good, plumbing good, copper wiring. New cedar fence. Room to add dog park or more units, where the pool was.
Seller moving up to bigger units.
Violet Street is a small, quiet property located minutes from Downtown Pasadena, U of H, I-45 South, 610, 288, and Hobby Airport.
Per owner, approximately half the units pay $20/month in pet rent and units A,B,C also pay an additional $20/month in water RUBS. Per owner, the big building has a relatively new standing seam metal roof. All units have granite counter tops and updated kitchens and ceramic tile flooring. As of 8/22/25, all but one unit has been updated with ceramic tile floors, painted cabinets with pulls, nice appliances, nice interior paint. Per owner roofs good, plumbing good, copper wiring. New cedar fence. Room to add dog park or more units, where the pool was.
Seller moving up to bigger units.
Violet Street is a small, quiet property located minutes from Downtown Pasadena, U of H, I-45 South, 610, 288, and Hobby Airport.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.55 AC |
| No. Units | 15 | Building Size | 8,892 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Garden | Parking Ratio | 2.81/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 8,892 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.81/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
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PROPERTY TAXES
| Parcel Number | 0612060200026 | Improvements Assessment | $767,729 CAD |
| Land Assessment | $267,793 CAD | Total Assessment | $1,035,523 CAD |
PROPERTY TAXES
Parcel Number
0612060200026
Land Assessment
$267,793 CAD
Improvements Assessment
$767,729 CAD
Total Assessment
$1,035,523 CAD
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2718 Violet St
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