3200 Federal Road - 3200 Federal Road, Pasadena, TX 77504

▶ Unique Value-Add Opportunity in the heart of Pasadena, TX.. ▶ Excellent Unit Mix (52% of the units are either 2 or 3 bedrooms).. ▶ 78 of the Units have been recently renovated (backsplash, flooring and new cabinets). There is currently no premium being charged for these units. . ▶ 72 of the units currently do not have washer dryer connections. There is approximately a $300 rent delta between these units and comps with washer dryer connections. . ▶ In place effective rents are approximately $250 below nearby competitors.. ▶ Other Income could greatly be increased by charging for reserved parking, adding carports, pet yards, and buying washer dryer machines.