Katy Terrace Apartments 1205 Avenue A 8 Unit Apartment Building $1,250,000 ($156,250/Unit) 5.20% Cap Rate Katy, TX 77493

Exceptional opportunity to acquire a fully stabilized 8-unit multifamily investment in the heart of Downtown Katy, one of the fastest-growing submarkets in the Houston MSA. The property is currently 100% occupied and consists of eight spacious 2-bedroom/1-bath units averaging approximately 790 square feet. Recent capital improvements include a new roof (2026), complete exterior repaint, updated interiors, and ongoing property enhancements, resulting in a turnkey investment with minimal deferred maintenance. Current ownership has completed the lease-up and stabilization process, positioning the asset for immediate cash flow. Historical T-12 financials are available for review; however, the property is now fully stabilized with current in-place rents exceeding historical collections due to recent lease renewals and occupancy improvements. Investors benefit from professional management, strong rental demand, and continued upside through future rent growth in one of Houston’s strongest suburban markets. Conveniently located minutes from Interstate 10, US-90, Grand Parkway (SH-99), Katy Mills, Memorial Hermann Katy Hospital, and the expanding Katy employment corridor. Complete financial package, rent roll, leases, and due diligence documents available upon execution of a Confidentiality Agreement.