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HIGH-YIELD VALUE-ADD 4-PLEX IN PASADENA - ALREADY SECTION 8 APPROVED Purchase through a (QOF) Incredible opportunity to acquire a cash-flowing Pasadena 4-plex positioned for an immediate equity push. Currently managed by a long-term, mom-and-pop owner, the asset is primed for a strategic investor to step in and capture massive operational upside. By implementing a Ratio Utility Billing System (RUBS), a new owner can wipe out $7,200 in annual owner-paid utilities, transferring that value straight to the bottom line. Skip the red tape"”the property is already approved for the Section 8 program, making it a turnkey transition for a high-performing voucher portfolio. Aligning the units with local Housing Choice Voucher limits ($1,260 for 2-beds / $1,700 for 3-beds) unlocks a robust $71,040 gross annual income. Priced to deliver a highly competitive 7.5% Cap Rate upon optimization, this asset perfectly blends immediate government-backed income stability with premier value-add potential.
| DAYS ON MARKET | Login to view Days on Market | LAST UPDATED | 9/18/2026 |
|---|---|---|---|
| TRACT | Paine H A Sec 02 | YEAR BUILT | 1971 |
| COMMUNITY | 6 | COUNTY | Harris |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Morales Elementary School |
|---|---|
| Jr. High School | Shaw Middle School |
| High School | Sam Rayburn High School |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Range, Refrigerator |
| AREA | 6 |
| CONSTRUCTION | Brick, Cement Siding |
| HEAT | Natural Gas |
| INTERIOR | Granite Counters |
| LOT | 0.3905 acre(s) |
| PARKING | Carport |
| STORIES | 2 |
| SUBDIVISION | Paine H A Sec 02 |
| TAXES | 11955 |
| UTILITIES | Natural Gas Connected, Water Connected |
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