Listing ID : PW21186255
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Beds
3 -
Lot Size
14,993 Sqft
Description
Presenting the opportunity to acquire Summit Apartments, an excellent value-add apartment building situated in the Villa Parke community of Pasadena. The property offers a mix of one and two-bedroom units with amenities such as new laminate wood flooring, stainless sinks, and patios/balconies. The apartment building is a gated community and features a laundry room, covered parking, and copper plumbing. This property offers an investor the opportunity to acquire a 1989 constructed asset with approximately 20% upside in rents, a current cap rate of 3.8%, and a market cap rate of 5.3%.
Details
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