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The Yellowstone Apartments 4706 Yellowstone Blvd 25 Unit Apartment Building $4,046,080 CAD ($161,843 CAD/Unit) 6.50% Cap Rate Houston, TX 77021

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INVESTMENT HIGHLIGHTS

  • Located Near NRG Stadium
  • Near University of Houston
  • New Light Fixtures, Plumbing, Electrical and HVAC- All units have Granite and/or Quartz Countertops
  • Close Proximity to Medical Center
  • Gated Parking
  • Section 8 Housing

EXECUTIVE SUMMARY

Newly Renovated, Offered at 2.9 million (unoccupied). The property is currently leasing. Once filled to capacity, price will increase to reflect. New flooring, newly painted, mainline plumbing, electrical panels, granite/quartz countertops, cabinets, HVAC (Mini-Splits), new doors, new windows, new fixtures. Gated community with gated parking on location.
Each apartment is uniquely styled. Located in close proximity to NRG, Texas Medical Center, University of Houston. In a transitional area where new construction is taking place. Revitalization is surrounding this location.
This apartment complex was a repossession and restoration project. Cap Rate not currently available. Apartments are certified Section 8.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

PROPERTY FACTS

Price $4,046,080 CAD
Price Per Unit $161,843 CAD
Sale Type Investment
Cap Rate 6.50%
No. Units 25
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.46 AC
Building Size 18,840 SF
Average Occupancy 0%
No. Stories 2
Year Built/Renovated 1955/2024
Parking Ratio 1.7/1,000 SF
Opportunity Zone Yes
Zoning None

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Disposal
  • Microwave
  • Storage Space
  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower
  • Freezer
  • Smoke Free

SITE AMENITIES

  • Courtyard
  • Laundry Facilities
  • Playground
  • Smoke Free
  • Wi-Fi
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 20 $1,584 CAD 550
2+1 5 $1,935 CAD 750

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0572790130021
Land Assessment
$505,354 CAD
Improvements Assessment
$1,356,199 CAD
Total Assessment
$1,861,553 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 34061374

  • Date on Market: 2024-12-03

  • Last Updated:

  • Address: 4706 Yellowstone Blvd, Houston, TX 77021

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