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Townhomes at Vista Gardens 3420 Federal Rd 32 Unit Apartment Building For Sale Pasadena, TX 77504
Executive Summary
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https://grea.com/properties/#/townhomes-at-vista-gardens
Townhomes at Vista Gardens is a 32-unit, townhome-style apartment community located in the high-demand Pasadena submarket of Southeast Houston. Fully occupied, the property offers immediate cash flow and a stable tenant base, largely composed of working-class residents employed in nearby industrial, petrochemical, and shipping sectors.
The community features a mix of primarily two-bedroom, one-and-a-half-bath townhomes and four one-bedroom units, with washer/dryer connections in all but the one-bedrooms. Ten units have been upgraded with modern finishes, achieving strong rent premiums, while 22 classic units present a clear value-add opportunity. Select floorplans have been successfully converted from two- to three-bedroom units with minimal construction, resulting in further rent growth.
Located near major freeways and the Port of Houston, Townhomes at Vista Gardens combines strong in-place income with multiple paths for upside.
https://grea.com/properties/#/townhomes-at-vista-gardens
Townhomes at Vista Gardens is a 32-unit, townhome-style apartment community located in the high-demand Pasadena submarket of Southeast Houston. Fully occupied, the property offers immediate cash flow and a stable tenant base, largely composed of working-class residents employed in nearby industrial, petrochemical, and shipping sectors.
The community features a mix of primarily two-bedroom, one-and-a-half-bath townhomes and four one-bedroom units, with washer/dryer connections in all but the one-bedrooms. Ten units have been upgraded with modern finishes, achieving strong rent premiums, while 22 classic units present a clear value-add opportunity. Select floorplans have been successfully converted from two- to three-bedroom units with minimal construction, resulting in further rent growth.
Located near major freeways and the Port of Houston, Townhomes at Vista Gardens combines strong in-place income with multiple paths for upside.
Property Facts
| Sale Type | Investment | Lot Size | 1.53 AC |
| No. Units | 32 | Building Size | 36,200 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.8/1,000 SF |
| Zoning | none | ||
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.53 AC |
| Building Size | 36,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | none |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Heating
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
- Playground
- Gated
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 682 |
| 2+1.5 | 16 | - | 1,007 |
| 3+1.5 | 8 | - | 1,007 |
| 3+2 | 4 | - | 1,200 |
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Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0610870000223 | Improvements Assessment | $3,192,819 CAD |
| Land Assessment | $462,246 CAD | Total Assessment | $3,655,065 CAD |
Property Taxes
Parcel Number
0610870000223
Land Assessment
$462,246 CAD
Improvements Assessment
$3,192,819 CAD
Total Assessment
$3,655,065 CAD
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Townhomes at Vista Gardens | 3420 Federal Rd
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