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3714 Dabney St 11 Unit Apartment Building $1,170,620 CAD ($106,420 CAD/Unit) 5.98% Cap Rate Houston, TX 77026

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INVESTMENT HIGHLIGHTS

  • Gated Community, Vacant Lot
  • Location, Convenience
  • Upgraded Exterior
  • Value-Add Potential, Additional Units
  • Upgraded Interior, Easy Leasing
  • All Bills Paid

EXECUTIVE SUMMARY

!!FANTASTIC INVESTMENT OPPORTUNITY!! Gated 11 unit value-add multi family on 23,520 SF lot! There are 10 efficiency units and one 1 bedroom 1 bath. Property is conveniently located just 10 minutes from Downtown Houston. Extensive interior and exterior upgrades include exterior paint, windows, parking lot, landscaping, fencing, stone counter tops, tubs, toilets, plumbing & electrical upgrades and more. Property is "all bills paid" providing convenience to the tenant and an easy leasing process for the landlord. There is additional value-add to this property by utilizing the large vacant lot (which connects to the adjoining Octavia Street) build additional units or lease the vacant lot of the property to a 3rd party.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $122,856 $46.57
Other Income - -
Vacancy Loss - -
Effective Gross Income $122,856 $46.57
Taxes $11,256 $4.27
Operating Expenses $41,644 $15.79
Total Expenses $52,900 $20.05
Net Operating Income $69,956 $26.52

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (CAD)
Annual $122,856
Annual Per SF $46.57
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $122,856
Annual Per SF $46.57
Taxes (CAD)
Annual $11,256
Annual Per SF $4.27
Operating Expenses (CAD)
Annual $41,644
Annual Per SF $15.79
Total Expenses (CAD)
Annual $52,900
Annual Per SF $20.05
Net Operating Income (CAD)
Annual $69,956
Annual Per SF $26.52

PROPERTY FACTS

Price $1,170,620 CAD
Price Per Unit $106,420 CAD
Sale Type Investment
Cap Rate 5.98%
Sale Condition Build to Suit
No. Units 11
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Building Class C
Lot Size 0.54 AC
Building Size 2,638 SF
Average Occupancy 82%
No. Stories 1
Year Built/Renovated 1966/2022

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 10 - -
2+1 1 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0641980000017
Land Assessment
$353,877 CAD (2025)
Improvements Assessment
$168,611 CAD (2025)
Total Assessment
$522,489 CAD (2025)
Annual Taxes
$11,256 CAD ($4.27 CAD/SF)
Tax Year
2024
  • Listing ID: 36304961

  • Date on Market: 2025-06-18

  • Last Updated:

  • Address: 3714 Dabney St, Houston, TX 77026

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