Description
River Oaks Equity Partners, as exclusive advisor and agent, proudly presents Rio Roble Apartments in Pasadena, Texas. This value-add offering allows an investor the opportunity to acquire a 25-unit apartment complex in the sought-after submarket of Pasadena. The property is situated in a high-traffic count street close to major thoroughfares and a short distance from Hobby Airport (approximately five miles) and the Port of Houston (approximately six miles). The exterior has been renovated and select interior units have been updated less than 12 months ago. A $75,000 capital investment spent on unit interiors would allow a new owner to dramatically increase rents 26 percent based upon similar units in the submarket. Seller financing not available. Price withheld for confidentiality. Please contact us for pricing. Seller financing not available.Offering Memorandum can be found at http://riveroaksequity.listinglab.com/RR021907/
