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3250 Sauce Pan Way 8 Unit Apartment Building $2,360,595 CAD ($295,074 CAD/Unit) 6.50% Cap Rate Katy, TX 77449
Executive Summary
New 8-plex under construction in the heart of Katy, Texas. Eight 2bed/2bath units under one roof. Townhome style, each unit has its own garage and covered parking. Completion scheduled for late summer 2026. Please see attached plans, proforma year 1 budget, and proforma rent. Please call Tina at 832-732-9772 for additional information and to schedule viewing.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$263,298
|
$28.03
|
| Other Income |
$837
|
$0.09
|
| Vacancy Loss |
$13,165
|
$1.40
|
| Effective Gross Income |
$250,971
|
$26.72
|
| Taxes |
-
|
-
|
| Operating Expenses |
$97,532
|
$10.38
|
| Total Expenses |
$97,532
|
$10.38
|
| Net Operating Income |
$153,438
|
$16.34
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $263,298 |
| Annual Per SF | $28.03 |
| Other Income (CAD) | |
|---|---|
| Annual | $837 |
| Annual Per SF | $0.09 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $13,165 |
| Annual Per SF | $1.40 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $250,971 |
| Annual Per SF | $26.72 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $97,532 |
| Annual Per SF | $10.38 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $97,532 |
| Annual Per SF | $10.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $153,438 |
| Annual Per SF | $16.34 |
Property Facts
| Price | $2,360,595 CAD | Building Class | B |
| Price Per Unit | $295,074 CAD | Lot Size | 2.46 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| Cap Rate | 6.50% | Building Size | 9,392 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2026 |
| Property Subtype | Apartment | Parcel Number | 1479440020021 |
| Apartment Style | Townhome |
| Price | $2,360,595 CAD |
| Price Per Unit | $295,074 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 2.46 AC |
| Construction Status | Under Construction |
| Building Size | 9,392 SF |
| No. Stories | 3 |
| Year Built | 2026 |
| Parcel Number | 1479440020021 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
1 of 12
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Light Hill Properties
3250 Sauce Pan Way
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