Scottwood 5704 Edgemoor Dr 76 Unit Apartment Building $10,066,770 CAD ($132,458 CAD/Unit) 7.25% Cap Rate Houston, TX 77081

This 76-unit, seven-building multifamily property offers a compelling investment opportunity in the heart of Houston’s dynamic rental market. Situated at 5704 Edgemoor Drive, the asset features a classic garden-style design with well-maintained brick exteriors and a central courtyard pool, creating a desirable living environment for residents. The property’s layout promotes community appeal while providing efficient operational management.
Located within minutes of major employment hubs and retail corridors, this property benefits from strong connectivity to US-59, I-610, and the Galleria area, ensuring consistent tenant demand. Houston’s robust economy, diverse job base, and population growth further enhance the long-term stability of this investment. With a 7.6% CAP rate, investors can expect attractive in-place returns with potential upside through strategic renovations and rent optimization.
The surrounding neighborhood offers a mix of residential and commercial uses, providing convenient access to shopping, dining, and public transportation. This asset is well-positioned for both seasoned investors seeking cash flow and operators looking to implement a value-add program.