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The Yellowstone Apartments 4706 Yellowstone Blvd 25 Unit Apartment Building $2,900,000 ($116,000/Unit) 6.50% Cap Rate Houston, TX 77021
INVESTMENT HIGHLIGHTS
- Located Near NRG Stadium
- Near University of Houston
- New Light Fixtures, Plumbing, Electrical and HVAC- All units have Granite and/or Quartz Countertops
- Close Proximity to Medical Center
- Gated Parking
- Section 8 Housing
EXECUTIVE SUMMARY
Newly Renovated, Offered at 2.9 million (unoccupied). The property is currently leasing. Once filled to capacity, price will increase to reflect. New flooring, newly painted, mainline plumbing, electrical panels, granite/quartz countertops, cabinets, HVAC (Mini-Splits), new doors, new windows, new fixtures. Gated community with gated parking on location.
Each apartment is uniquely styled. Located in close proximity to NRG, Texas Medical Center, University of Houston. In a transitional area where new construction is taking place. Revitalization is surrounding this location.
This apartment complex was a repossession and restoration project. Cap Rate not currently available. Apartments are certified Section 8.
Each apartment is uniquely styled. Located in close proximity to NRG, Texas Medical Center, University of Houston. In a transitional area where new construction is taking place. Revitalization is surrounding this location.
This apartment complex was a repossession and restoration project. Cap Rate not currently available. Apartments are certified Section 8.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| 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 |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Microwave
- Storage Space
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Freezer
- Smoke Free
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Playground
- Smoke Free
- Wi-Fi
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $1,135 | 550 |
| 2+1 | 5 | $1,387 | 750 |
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PROPERTY TAXES
| Parcel Number | 0572790130021 | Total Assessment | $1,326,119 |
| Land Assessment | $360,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $966,119 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0572790130021
Land Assessment
$360,000
Improvements Assessment
$966,119
Total Assessment
$1,326,119
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Presented by
Hill McCray Realty
The Yellowstone Apartments | 4706 Yellowstone Blvd
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