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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***

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
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 - -
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 0922110000025
  • 0922110000027
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
  • Listing ID: 36272938

  • Date on Market: 2025-06-16

  • Last Updated:

  • Address: 7120 Cole Creek Dr, Houston, TX 77092

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