Pasadena 14-Condo Package | $1.2M

3002 Pasadena Blvd, Pasadena

ROI

19.13% IRR

Strategy

Long Term Rental

$14,000 per month is already being collected across 14 condos near Houston. You’re buying 12 two-bed units and 2 one-bed units inside a 21-unit complex, which gives the buyer controlling interest in the HOA and the option to sell units individually over time. Conservative individual resale values are $145K for the 1-beds and $165K for the 2-beds, which points to roughly $2.2M in value against a $1.2M purchase price. Ideal for a buyer who understands reposition plays (purchase, minor updates, sell individually to capture top of market value), with a detailed OM available and financing already pre-underwritten by Ethan Bubel at Capital Fund: 469-489-0194. This will cash flow nicely while you sell individual units over time and realize the full $2.2M FMV.

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Pasadena 14-Condo Package | $1.2M

Listed 07/02/2026

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3002 Pasadena Blvd, Pasadena

Purchase Price:$1,200,000

Cash Outlay:$324,000

Cashflow:$1,712/mo

Cap Rate:7.55%

IRR:19.13%

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