Oak Run Manor
Pasadena, Texas
Building
Stats
- Property Type Multifamily - Low-Rise/Garden
- Year built 1982
- Building size (SF) 127,736
- Price $13,000,000
Overview
Value-Add opportunity
Highlights
Historically high occupancy provides the opportunity to raise rents organically on new leases and renewals.
Highly attractive in-place assumable loan with a historically low fixed interest rate.
Proven value add strategy through interior renovation.
Ability to add supplemental debt to increase LTV and maintain lower than market blended interest rate.
Stable submarket with great access to job centers.
