3 Beds
2 Baths
4,766 SqFt
3 Beds
2 Baths
4,766 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 4,766 sqft
Price per Sqft $125
Subdivision Paine H A Sec 02
MLS Listing ID 27545322
Style Split Level,Fourplex
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1971
Annual Tax Amount $11,955
Tax Year 2026
Property Sub-Type Quadruplex
Property Description
Purchase through a (QOF)
Incredible opportunity to acquire a cash-flowing Pasadena 4-plex positioned for an immediate equity push. Currently managed by a long-term, mom-and-pop owner, the asset is primed for a strategic investor to step in and capture massive operational upside. By implementing a Ratio Utility Billing System (RUBS), a new owner can wipe out $7,200 in annual owner-paid utilities, transferring that value straight to the bottom line. Skip the red tape—the property is already approved for the Section 8 program, making it a turnkey transition for a high-performing voucher portfolio. Aligning the units with local Housing Choice Voucher limits ($1,260 for 2-beds / $1,700 for 3-beds) unlocks a robust $71,040 gross annual income. Priced to deliver a highly competitive 7.5% Cap Rate upon optimization, this asset perfectly blends immediate government-backed income stability with premier value-add potential.
Location
State TX
County Harris
Area Pasadena
Interior
Interior Features Granite Counters, Window Treatments, Ceiling Fan(s)
Heating Central, Gas
Cooling Central Air, Electric
Flooring Tile
Fireplace No
Appliance Disposal, Refrigerator
Laundry Washer Hookup, Dryer Hookup
Exterior
Parking Features Carport
Utilities Available Natural Gas Available, Water Available
Roof Type Composition
Building
Faces North
Story 2
Entry Level Two,Multi/Split
Architectural Style Split Level, Fourplex
Level or Stories Two, Multi/Split
New Construction No
Schools
Elementary Schools Morales Elementary School
Middle Schools Shaw Middle School
High Schools Sam Rayburn High School
School District 41 - Pasadena
Others
Tax ID 065-093-004-0013
Security Features Fire Alarm
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Nearby Locations
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