Shaver St Las Plaza
Stabilized Multifamily Asset Offering Strong Cash Flow
Marketing description
Las Plazas Apartments present an outstanding investment opportunity in a prime Houston location, offering seamless access to I-45 and I-610. This well-maintained, 80-unit garden-style community is situated within the highly rated Pasadena Independent School District, making it an attractive choice for families and professionals alike. The property features five spacious floor plans, including one, two, and three-bedroom units, each thoughtfully designed with private balconies or patios, ceramic tile flooring, air conditioning, and ceiling fans.
Residents benefit from a host of desirable amenities, including gated access, an on-site laundry facility, and a dedicated bark park in this pet-friendly community. The property has undergone significant capital improvements, with $1.35M in renovations completed between 2016 and 2019, and a new roof is installed in 2025. Additionally, 19,000 sqft of the land will be conveyed with the apartment complex. Investors will find strong financial potential with an assumable Fannie Mae loan at an attractive 3.35% interest rate, offering flexibility for acquisition through loan assumption, cash, or new financing. With its strategic location, quality upgrades, and strong rental demand, Las Plazas Apartments offer a compelling investment opportunity for long-term growth.
Investment highlights
Prime Location & High Demand – Convenient access to I-45 and I-610, with proximity to top dining, shopping, and entertainment. Located in the highly rated Pasadena Independent School District.
Strong Investment Opportunity – 80-unit, garden-style apartment community with an assumable Fannie Mae loan at a competitive 3.35% interest rate. Available for purchase via loan assumption, cash, or new financing.
Renovated & Well-Maintained – $1.35M in capital improvements completed between 2016 and 2019, with a new roof scheduled for 2025.
Spacious Floor Plans & Desirable Features – Five layouts, including one, two, and three-bedroom units with private balconies/patios, ceramic tile flooring, air conditioning, and ceiling fans.
Desirable Amenities – Gated access, pet-friendly environment with a bark park, on-site maintenance, and laundry facilities, enhancing tenant satisfaction and retention.
Attractive Financing & Long-Term Potential – Property available for assumption at 3.4%, all-cash purchase, or new loan. Ideal for long-term hold and continued value appreciation.
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