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Mount Apartments - Houston, TX 7430 Mount St 12 Unit Apartment Building $1,850,053 CAD ($154,171 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%.
- 100% 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
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$250,686
|
$30.15
|
| Other Income |
$5,098
|
$0.61
|
| Vacancy Loss |
$12,534
|
$1.51
|
| Effective Gross Income |
$243,251
|
$29.25
|
| Taxes |
$6,842
|
$0.82
|
| Operating Expenses |
$49,698
|
$5.98
|
| Total Expenses |
$56,540
|
$6.80
|
| Net Operating Income |
$186,710
|
$22.45
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $250,686 |
| Annual Per SF | $30.15 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,098 |
| Annual Per SF | $0.61 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $12,534 |
| Annual Per SF | $1.51 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $243,251 |
| Annual Per SF | $29.25 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,842 |
| Annual Per SF | $0.82 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $49,698 |
| Annual Per SF | $5.98 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,540 |
| Annual Per SF | $6.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $186,710 |
| Annual Per SF | $22.45 |
Property Facts
Amenities
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,268 CAD | 600 - 700 |
| 2+1 | 7 | $1,646 CAD | 792 - 800 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0162670050041 | Total Assessment | $166,800 CAD (2025) |
| Land Assessment | $166,800 CAD (2025) | Annual Taxes | $6,842 CAD ($0.82 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0162670050041
Land Assessment
$166,800 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$166,800 CAD (2025)
Annual Taxes
$6,842 CAD ($0.82 CAD/SF)
Tax Year
2026
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Mount Apartments - Houston, TX | 7430 Mount St
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