1502 Allendale Road, Pasadena, TX 77502
Rio Roble is a 25 unit, 2 story apartment community located in Pasadena, Texas. This garden style community consists of 1 bedroom, 1 bath apartments homes containing 610 square feet. Amenities include vintage oversize living room, quaint dining room and a classic breakfast bar and gas ranges. Residents enjoy central air conditioning and heating, ceiling fans, hardwood flooring, walk-in closets, window coverings, and balconies and patios. Other amenities include an on-site laundry, guest parking, 24 hour maintenance, a relaxing courtyard and package receiving.
Rio Roble apartments is located near the intersection of Interstate 45 and the 610 Loop and is in close proximity to the petrochemical sector of Houston and Hobby Airport. The location provides easy access to 45 south, Downtown Houston, Beltway 8, employment centers, as well as fantastic nearby shopping and dining! The property is located in the Meadowbrook/Allendale submarket of Pasadena about one mile southof Hwy 225 and 2 miles east of I-45. The property offers residents a multitude of retail, restaurants, and employment options.
The property, built in 1960, is spread out over 3 separate buildings plus a maintenance room, laundry facility and boiler room with a courtyard in the center. The property is individually metered for electricity and individually metered for gas. The seller has implemented and updated the complex with many water conservation efficiencies, cutting down the cost of the water bill.
The owner spent approximately $355,000 in capex in 2018 on landscaping, paint, siding, plumbing, parking lot paving and striping. 12 units were updated, approximately 75% of the A/C's were replaced.
PLEASE CONTACT BROKER FOR OPERATING/FINANCIAL INFORMATION
Hashir Saleem is a licensed Texas Real Estate Broker involved in real estate marketing services for institutional and individual investors. Hashir holds a B.S. in Industrial Engineering from the University of Houston and an MBA from Rice University's Jones Graduate School of Business.