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$1,275,000

For Sale - Active
4820 Oak Ave Apt 16, Pasadena, TX 77503
2 Beds
1 Bath
6,728 Square Feet
0.57 Acres Lot
Built in 1967
For Sale - Active
Units n/a
Checked: 10 hours ago
Updated: Aug 19, 2025 at 12:57PM

Investment Summary


Monthly Cash Flow
-$5,699
Cap Rate
0.3%
Cash-on-Cash Return
-23.3%
Debt Coverage Ratio
0.06
Internal Rate of Return (5 years)
-18.5%

Property Description


0.57 Acres Lot
Built in 1967
For Sale - Active
Units n/a

Prime 16-unit multifamily community fully renovated! Completely remodeled in 2019, this turnkey property offers stable cashflow with opportunity for upside potential. Property history will showcase low tenant turnover and minimal maintenance costs. The recent renovation includes new flooring, new cabinetry, updated bathrooms, and all new fixtures. Opportunity to increase revenue by bumping rents, billing utilities back to tenants, adding central HVAC, and more. The property currently provides window units, but has AC ducting in place - making installation of central HVAC units simple and cost effective. Located in Pasadena near major employers (Oil & Gas, Port of Houston), it benefits from strong rental demand. Favorable seller carry-back available! More information available upon request. Please call or text Kaelyn for details.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Exterior Features

  • Exterior Walls Materials: Masonry
  • Roof Material: Composition

Land Information

  • Land Use: Residential Income
  • Land Use Subtype: Apartment House (5+ units)

Lot Information

  • Parcel ID: 0612060580145
  • Lot Size: 24900 sqft

Property Information

  • Property Type: Multi Family
  • Year Built: 1967

Tax Information

  • Annual Tax: $10,885

Utilities

  • Cooling: Window Unit(s)

Location

  • County: Harris

Listing Details


Listed by:
Kaelyn Motzel
Kevin Wood
(281) 706-6887

Source:
Houston Association of REALTORS
MLS#: 36257137
Houston Association of REALTORS

Investment Summary


Monthly Cash Flow
-$5,699
Cap Rate
0.3%
Cash-on-Cash Return
-23.3%
Debt Coverage Ratio
0.06
Internal Rate of Return (5 years)
-18.5%

Purchase Details

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Purchase price:
$1,275,000
Amount financed:
-$1,020,000
Down payment:
$255,000
Closing costs:
$38,250
Rehab costs:
$0
Initial cash invested:
$293,250
Square feet:
6,728
Cost per square foot:
$190
Monthly rent per square foot:
$0.27

Financing Details

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Loan amount:
$1,020,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$6,034
Property tax:
$907
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,067

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (50%)
50%-$907-$10,885
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (75%)
75%-$1,357-$16,285

Cash Flow


Monthly Yearly
Net operating income:
$335 $4,020
Mortgage payments:
-$6,034 -$72,408
Cash flow:
-$5,699 -$68,388