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2627 Allen Genoa Rd
Pasadena, TX 77502

$1,300,000 USD

Land For Sale  •  2 AC

Property Details

  • Property Type Land
  • Lot Size 2 AC
0 Transit Score
55 Walk Score

Description

Seize the opportunity to own a distinctive mixed-use commercial gem in Pasadena's bustling core. Positioned on a lively street, this property not only offers versatility with its multiple hand car wash bays—ready for operation or upgrade to automatic systems—but also boasts 22 rentable storage units and additional space for storage containers, enhancing its income potential. Accompanied by 2 modular homes, which are a rare find and promise substantial rental income in Pasadena’s vibrant market, this investment is further sweetened by the possibility of adding a food truck rental spot for extra revenue or more storage. Despite the lack of formal financial records, the current occupancy and income generation from the majority of the storage units and modular homes speak volumes about its profitability. This is a not-to-be-missed chance to diversify your investment portfolio in a prime location.

Owner has no financials available. he lives out of country. Do not talk to tenants when visiting property. All information can be verified while do diligence with EM deposited. Storage market rent: 150$ Modular homes: 700$ Building 3200$ lease for juice store Seller not provided copies of the leases.

Highlights

Value Add
Multiple Streams of Income
Operating Business - Car Wash
Storage
Seller Financing at 1.3M , 500K down , 20 amortization , 5 year term @10%

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $100,000 USD (2024)
Total Expenses: $16,000 USD

Public Transportation

AirportDriveWalkDistance
William P Hobby 17 min - 6.5 mi
George Bush Intcntl/Houston 40 min - 28.8 mi
Kate Myhan 713-855-0588 JPAR The Sears Group
Kate Myhan 713-855-0588 JPAR The Sears Group