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8430 Round Rock Dr - Fully Occupied 8-Unit Houston Multifamily 8 Unit Apartment Building Offered at $1,202,976 CAD at a 7% Cap Rate Houston, TX 77049
Investment Highlights
- 100% Occupied
- 2 Bed / 1 Bath Unit Mix
- Value-Add Opportunity
- 8 Units Total
- Long-Term Tenant Base
- New HVAC Systems
Executive Summary
100% occupied income-producing 8-unit multifamily for a serious, qualified buyer. Property consists of 8 units, each 2 bed / 1 bath, with long-term tenants in place. Priced at a 1.14% rent-to-price ratio based on existing rents, not projections. Relatively newer roofs, new HVAC, and updated interiors. Current upside includes potential rent increases, pet fees, onsite laundry income, and implementing RUBS for water since units are not separately metered. Monthly expenses: $400 water, $490 trash, $200 landscaping, $100 pest control, $1,148 insurance. No HOA, no deed restrictions, and no short-term rental restrictions. Showings only with proof of funds and an acceptable offer. Please do not disturb tenants. Photos are representative of overall unit condition. See MLS attachments and OM for details. Lowball offers, creative financing, and “Subject To” offers will not receive a response. Serious buyers only.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,202,976 CAD | Property Type | Multifamily |
| Price Per Unit | $150,372 CAD | Building Size | 6,800 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7% | No. Stories | 1 |
| Sale Condition | Build to Suit | Year Built | 1957 |
| No. Units | 8 | ||
| Zoning | Multifamily | ||
| Price | $1,202,976 CAD |
| Price Per Unit | $150,372 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Sale Condition | Build to Suit |
| No. Units | 8 |
| Property Type | Multifamily |
| Building Size | 6,800 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1957 |
| Zoning | Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 850 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0741730080019 | Improvements Assessment | $435,098 CAD |
| Land Assessment | $164,980 CAD | Total Assessment | $600,078 CAD |
Property Taxes
Parcel Number
0741730080019
Land Assessment
$164,980 CAD
Improvements Assessment
$435,098 CAD
Total Assessment
$600,078 CAD
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8430 Round Rock Dr - Fully Occupied 8-Unit Houston Multifamily
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