Download Offering Materials: Pasadena Portfolio
Capstone is pleased to present the Pasadena Portfolio: 1963 & 1962 vintage, classic value-add assets in Pasadena, Texas, a suburb of Houston. Garner Park (53 units) and Shaver Park (36 units) present phenomenal potential to investors seeking entry into the resilient Southeast Houston multi-family market. New ownership will be able to take advantage of operational efficiencies due to the proximity the properties are from one another. In addition, the Pasadena Portfolio is currently being self-managed, which allows for upside in hiring a professional third-party management team. One of the two properties (Garner Park) is poised for a value-add program, which if completed could procure new ownership a +22% ROI respectively. Current ownership has recently invested more than $300k in CapEx; thus, allowing new ownership to enjoy minimal deferred maintenance throughout ownership. Additionally, the property is strategically located within the Southeast Houston Submarket, with an abundance of employment opportunities and unmatched connectivity to various interstate highways.
Operational Efficiencies & Professional 3rd Party Management
Proven Value-Add Program
Submarket Fundamentals and Location