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2816 Lafferty Rd 4 Unit Apartment Building $676,690 CAD ($169,172 CAD/Unit) 8% Cap Rate Pasadena, TX 77502
Investment Highlights
- 4-Plex
- Walking distance to Park and School
- Room to build more units
Executive Summary
Exceptional opportunity! This fully leased 4-plex offers four spacious 2-bedroom, 2-bath units, each designed for comfortable living with functional layouts in a 2 story townhome style property with modern amenities and onsite laundry room. All units have there own private balcony, patio and covered parking area. A brand new roof was recently installed, all leases are currently month to month providing options for the new owner. Ideally situated directly in front of a beautiful city park featuring tennis courts, baseball fields, and a water park—providing endless outdoor activities just steps from the property. Bailey Elementary school is located 1 block away. Strong rental potential, unbeatable location, and proximity to recreation and education make this property a standout addition to any portfolio. Property has prelim docs available for a future built on the location.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$79,152
|
$18.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,152
|
$18.12
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$24,935
|
$5.71
|
| Net Operating Income |
$54,217
|
$12.41
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $79,152 |
| Annual Per SF | $18.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $79,152 |
| Annual Per SF | $18.12 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,935 |
| Annual Per SF | $5.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $54,217 |
| Annual Per SF | $12.41 |
Property Facts
| Price | $676,690 CAD | Apartment Style | Townhome |
| Price Per Unit | $169,172 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 8% | Building Size | 4,368 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1964/2023 |
| Price | $676,690 CAD |
| Price Per Unit | $169,172 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 4,368 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | 1,092 |
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Property Taxes
| Parcel Number | 0610860000119 | Improvements Assessment | $338,707 CAD (2025) |
| Land Assessment | $206,427 CAD (2025) | Total Assessment | $545,135 CAD (2025) |
Property Taxes
Parcel Number
0610860000119
Land Assessment
$206,427 CAD (2025)
Improvements Assessment
$338,707 CAD (2025)
Total Assessment
$545,135 CAD (2025)
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2816 Lafferty Rd
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