Contacts
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Property Details
- Property Type Other
- Units 177
- Additional Rent Contact for pricing
- Year Built 1972
- Date Updated Dec 17, 2024
Terracita Apartments is a 177-unit multifamily community located at intersection of S Allen Genoa RD and Shaver Rd in the city of South Houston, TX. Constructed in 1972 and situated on 3.51 acres, the gated, garden-style property is comprised of 14, two-story apartment buildings of wood frame construction with a combination of brick and vinyl panel siding and pitched roofs. Terracita Apartments offers seven spacious floor plans featuring one-, two-, and three-bedroom units and it has individual HVACs throughout the property.Interior amenities include kitchens equipped with upgraded appliances and granite-style countertops, wood plank flooring, and walk-in closets. The common areas feature a business center, laundry facilities, a swimming pool, and a new outdoor kitchen.
The property was significantly renovated in 2016 by the current owner, which resulted in the property being nominated as a 2017 Houston Apartment Association Property of the Year Finalist. The current owner has kept the property in excellent condition with minimal deferred maintenance and has improved the property by the addition of another rentable unit, creation of on-site laundry and surface repair to create additional parking. .
Reach out to the broker for more info on lease terms and amenities
Highlights
- Excellent unit mix with 63% of the property consists of 2 and 3 bedroom units.
- Phenomenal visibility as the property is at the intersection of two major thoroughfares and offers street access on three sides.
- Minimal deferred maintenance with $1.7MM in capital expenditures in most recent renovation.
- New owner can implement an interior renovation program and raise rents approximately $150/unit.
- Opportunity to implement a water conservation program throughout the property.
- Attractive in place loan with 5% interest rate which also allows for mezzanine debt.
Getting around
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Walk Score ®
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Bike Score ®
Location
- City South Houston, TX
- Neighborhood Pasadena Highlands
- Zip Code 77587
- Market Houston
Points of Interest
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Altic/Howard Hughes
6.70 miles
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UH South/University Oaks
7.05 miles
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Lockwood/Eastwood
7.28 miles
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Convention District (westbound)
9.04 miles
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Convention District (eastbound)
9.10 miles
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Central Station Capitol
9.45 miles
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Central Station Rusk
9.45 miles
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Main Street Square (northbound)
9.55 miles
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Main Street Square (southbound)
9.56 miles
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UH-Downtown
9.59 miles
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Chevron
1.69 miles
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Checkpoint
1.73 miles
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Mi Tienda
1.86 miles
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The Neighborhood Shop
2.19 miles
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Shell
2.20 miles
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Sunoco
2.34 miles
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Exxon
2.58 miles
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Tesla Supercharger
3.72 miles
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eVgo
5.83 miles
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Blink
9.75 miles
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Monroe Park and Ride
2.05 miles
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Wally Park
2.53 miles
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PreFlight Airport Parking
3.30 miles
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South Point Park & Ride
5.07 miles
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Fuqua Park & Ride
5.27 miles
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Magnolia Park & Ride
5.62 miles
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ERP Parking
6.30 miles
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Armand Walking Trail Parking
6.45 miles
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University Gateway Garage
6.87 miles
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East Parking Garage
6.92 miles
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Best Western Plus Pasadena Inn & Suites
1.92 miles
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Quality Inn
1.93 miles
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Days Inn & Suites By Wyndham Pasadena
2.04 miles
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Rodeway Inn
2.07 miles
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TownePlace Suites Houston Hobby Airport
2.30 miles
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Fairfield Inn & Suites Houston Hobby Airport
2.31 miles
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Four Points by Sheraton Houston Hobby Airport
2.32 miles
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Knights Inn South Houston
2.32 miles
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Downtowner Inn and Suites
2.33 miles
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Americas Best Value Inn-Houston/Hobby Airport
2.34 miles
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Walmart Supercenter
1.32 miles
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Mi Tienda
1.93 miles
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Food Town
1.96 miles
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Fix Crap
2.03 miles
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Mission AC, Plumbing & Electric South Houston
2.18 miles
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La Michoacana Meat Market
2.62 miles
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Kroger
2.81 miles
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Coast Guard Exchange
3.56 miles
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CGX
3.56 miles
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Fiesta
3.62 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.