Strawberry Flats
56 Units | 100% 2-Bedroom Unit Mix | Pasadena TX | Strong Renter Demand
Marketing description
GREA's Houston Multifamily Investment Sales Team is pleased to present Strawberry Flats, a 56-unit multifamily apartment community located at 3002 Strawberry Road in Pasadena, Texas. Positioned adjacent to Strawberry Park and within convenient reach of I-45, the property benefits from access to nearby restaurants, shopping, entertainment options, public parks, and Pasadena ISD schools. Built in 1967 and situated on 3.66 acres, Strawberry Flats totals 50,960 rentable square feet with an average unit size of 910 square feet. The community offers a two-bedroom floor plan supported by practical apartment features and resident amenities including gated access, a laundry facility, a picnic area with barbecue, a play area, and on-call maintenance, positioning the property as a functional Pasadena multifamily asset with everyday renter appeal.
Investment highlights
- STEPS FROM STRAWBERRY PARK - The property benefits from close proximity to Strawberry Park, one of Pasadena's key recreational amenities, offering residents convenient access to green space, playgrounds, sports fields, picnic areas, walking areas, and community recreation.
- STRONG EVERYDAY RETAIL CONVENIENCE - Residents are surrounded by nearby grocery stores, restaurants, shopping centers, pharmacies, and daily-needs retail, supporting a highly convenient renter lifestyle within the Pasadena submarket.
- CLOSE ACCESS TO AREA SCHOOLS - The property is located near local schools, enhancing its appeal to family-oriented renters seeking affordable housing with convenient access to education, parks, and neighborhood services.
- DENSE RENTER BASE WITH STRONG LOCAL DEMAND - The surrounding trade area includes more than 304,000 residents within 5 miles, with renter-occupied households outnumbering owner-occupied households, reinforcing the depth of local apartment demand.
- WORKFORCE HOUSING INVESTMENT PROFILE - The asset is positioned within an established Pasadena workforce housing market supported by nearby industrial, logistics, healthcare, education, and service-sector employment drivers.
- RECENT CAPITAL IMPROVEMENTS - Ownership has completed meaningful capital improvements, including a roof replacement approximately three years ago, gate and fence repairs, AC replacement in approximately 50% of the units, major electrical repairs, and interior upgrades.
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