Log In/Sign Up
Your email has been sent.
8 Unit Multifamily Investment Opportunity 7120 Cole Creek Dr 8 Unit Apartment Building $1,679,218 CAD ($209,902 CAD/Unit) 4.63% Cap Rate Houston, TX 77092



Investment Highlights
- All 8 Units Feature Fireplace
- Prime Location Near Hwy 290 & Loop 610
- Fully Occupied with Stable, Long-Term Tenants
- Well-Maintained Asset in a Quiet Community
Executive Summary
Introducing Cole Creek Estates, an exceptional 8-unit multifamily investment opportunity located at 7120 Cole Creek Dr, Houston, TX 77092. This well-maintained property offers investors a chance to secure reliable cash flow and long-term value in a prime location near Hwy 290 and Loop 610 in Houston. Each unit features a charming fireplace, adding warmth and appeal for residents, and the property, although not recently modernized, is in excellent condition with consistent care. Benefiting from a history of stable, long-term tenants, Cole Creek Estates delivers steady income with minimal turnover. Situated in a high-growth corridor of Houston, this asset caters to a diverse demographic, with its close proximity to popular amenities ensuring ongoing demand. Ideal for both seasoned investors and first-time buyers in multifamily real estate, don't miss this opportunity to acquire a valuable asset in a sought-after community. The seller will consider selling each unit separately. They each have an individual tax ID.
***Please do not approach or contact tenants, all tours are accompanied and are scheduled in advance***
***Please do not approach or contact tenants, all tours are accompanied and are scheduled in advance***
Financial Summary (Actual - 2024) 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 |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,679,218 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $209,902 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.72 AC |
| Cap Rate | 4.63% | Building Size | 8,288 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1984 |
| Property Type | Multifamily | Parking Ratio | 1.93/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | None | ||
| Price | $1,679,218 CAD |
| Price Per Unit | $209,902 CAD |
| Sale Type | Investment |
| Cap Rate | 4.63% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 8,288 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.93/1,000 SF |
| Zoning | None |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Tub/Shower
- Breakfast Nook
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+2 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $982,644 CAD (2025) | |
| Land Assessment | $234,511 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $748,133 CAD (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$234,511 CAD (2025)
Improvements Assessment
$748,133 CAD (2025)
Total Assessment
$982,644 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2025
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
8 Unit Multifamily Investment Opportunity | 7120 Cole Creek Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
