The Yellowstone Apartments 4706 Yellowstone Blvd 25 Unit Apartment Building $2,900,000 ($116,000/Unit) 6.50% Cap Rate Houston, TX 77021

4706 Yellowstone Apartments presents a rare opportunity to acquire a fully renovated 25-unit multifamily asset in Houston, Texas, offered at a price supported by a recent third-party appraisal of approximately $3.25 million.
The property is currently in lease-up following a comprehensive capital improvement program totaling approximately $1.41 million. Renovation has been completed across all major systems and interiors, positioning the asset for operational stabilization with minimal near-term capital requirements.
Current leasing activity is achieving rental rates that exceed prior appraisal assumptions, with executed leases reflecting full market rents. Temporary concessions have been strategically structured and are scheduled to burn off, resulting in organic income growth without the need for further operational changes.
This offering is ideally suited for investors seeking a stabilized-quality asset with remaining lease-up upside, allowing for immediate NOI expansion through occupancy growth while acquiring at a basis supported by both cost and third-party valuation.
Structured financing available for qualified buyers. NO equity / NO partnerships / NO JV.
Financing is offered strictly as a purchase structure for qualified investors with defined exit strategies.
“Detailed financials and offering memorandum available upon request.”