512-671-0010
3940 S Shaver St, Houston, TX for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

3940 S Shaver St
Houston, TX 77034
Edgebrook


HIGHLIGHTS

  • Property is available on assumption at 3.4%; all cash or new loan
  • Ideal for long-term hold
  • The property has been renovated
  • New Roof replaced 2025
  • Located in the highly rated Pasadena ISD

OVERVIEW

Las Plazas Apartments boast a prime location with easy access to Interstates 45 and 610, offering convenient travel throughout the state. Just minutes away from top dining, shopping, and entertainment, the property is also located within the highly regarded Pasadena Independent School District. The community offers five spacious floor plans, including one, two, and three-bedroom units. Residents enjoy features like private balconies or patios, ceiling fans, air conditioning and heating, and ceramic tile flooring. Pet-friendly, Las Plazas also includes a dedicated bark park. Additional amenities include gated access, on-site and on-call maintenance, and an on-site laundry facility. Between 2016 and 2019, the property underwent significant renovations and repairs. A new roof is set to be installed in 2025. This property is available for purchase via loan assumption, cash purchase, or a new loan, with approximately five years remaining on a Fannie Mae loan at a 3.35% interest rate, which can be transferred to the buyer. The total outstanding debt is approximately $3.2 million.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

80

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Las Plazas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

136

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,631 SF

ZONING

None

APN/PARCEL ID

0432170000033

ASK ABOUT THIS PROPERTY

Hassaan AlamThe Alam GroupMore Info
512-671-0010

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Hassaan AlamThe Alam GroupMore Info
512-671-0010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.