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Mount Apartments - Houston, TX 7430 Mount St 12 Unit Apartment Building $1,883,520 CAD ($156,960 CAD/Unit) 8.40% Cap Rate Houston, TX 77088
INVESTMENT HIGHLIGHTS
- Mount Apartments is a 12-unit multifamily property offering a value-add opportunity through organic rent growth, with below-market rents.
- Mount Apartments features new interior and exterior paint, an updated roof, new stoves, air conditioning units, refrigerators, and updated plumbing.
- Over the past decade, Houston’s population has expanded at a remarkable pace 18.2% growth compared to the national average of 6.2%.
- Fully occupied property located in a highly desirable submarket of Houston, Texas.
- Houston remains one of the nation’s top-performing metros for job growth, with the labor market now boasting over 300,000 more positions.
- Recognized as the largest medical complex in the world-employs tens of thousands of healthcare professionals, researchers and support staff.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the Mount Apartments located at 7430 Mount Street in Houston, TX. This 12-unit multifamily property presents an exceptional value-add investment opportunity through organic rent growth, with current rents below market and multiple units demonstrating proven upside potential of more than $150 per unit. This property offers a favorable unit mix of one and two-bedroom units that are fully occupied and situated in a highly desirable and stable submarket of Houston, surrounded by strong residential demand and proximity to major employment centers, retail, and transportation corridors, making it an attractive long-term investment opportunity.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 14 | - | 792 - 800 |
1 1
PROPERTY TAXES
| Parcel Number | 0162670050041 | Improvements Assessment | $0 CAD |
| Land Assessment | $169,320 CAD | Total Assessment | $169,320 CAD |
PROPERTY TAXES
Parcel Number
0162670050041
Land Assessment
$169,320 CAD
Improvements Assessment
$0 CAD
Total Assessment
$169,320 CAD
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Mount Apartments - Houston, TX | 7430 Mount St
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