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Cottage Pointe Studio Apartments 615 Hayman St 44 Unit Apartment Building $7,185,000 ($163,295/Unit) 6% Cap Rate Huntsville, TX 77340
INVESTMENT HIGHLIGHTS
- Exceptional Location, located minutes off I-45 in Huntsville, 1.7 Miles from Sam Houston State University.
- Strong Demand & Upside Potential
- High-Quality, Modern Construction. Subject is not located in FEMA flood zone
- Sustained Long-Term Value Appreciation
EXECUTIVE SUMMARY
Cottage Pointe Apartments, with a Home-Style-Feel is a newly developed, 3.1485-acre with 44-unit residential community built in 2023 in Huntsville, Texas. This premier property features thoughtfully designed amenities to include private fenced in yards along with modern living experiences to allow its residents the highest standards of quality and providing residents with exceptional living environment.
The Huntsville area has experienced relatively steady growth over the past several years and possesses the positive attributes necessary to continue growing into the future. Huntsville's stability, its proximity between Houston and Dallas/Fort Worth, and it accessibility from IH-45 have created a more diverse economy and a favorable impacted its future growth and economic potential. The slow but steady trend of expansion of the economic base is anticipated to continue over the foreseeable future. This Steady expansion should help maintain a relatively good balance in most forms of real estate.
BUILDING AMENTIES:
• Air Conditioning
• Concrete Flooring, downstairs-Vinyl upstairs
• Stainless Steel Appliances, Range, Microwave Refrigerator and Dishwasher
• Washer & Dryer Connections in all units
• Pantry
• Smoke-Free
• Tub/Shower
• Walk-In Closets
• Cable Ready & High Speed Internet
• Ceiling Fans
• Island Kitchen in some units
• Dining Room
• Granite Countertops
• Beautiful Backsplashes
• Porch
• Fenced in private Yards
• 24 Hour Access
• Picnic Area
• Pets Welcome-No Monthly Fees
• Fenced in Dog Park
• Wheelchair Accessible
The Huntsville area has experienced relatively steady growth over the past several years and possesses the positive attributes necessary to continue growing into the future. Huntsville's stability, its proximity between Houston and Dallas/Fort Worth, and it accessibility from IH-45 have created a more diverse economy and a favorable impacted its future growth and economic potential. The slow but steady trend of expansion of the economic base is anticipated to continue over the foreseeable future. This Steady expansion should help maintain a relatively good balance in most forms of real estate.
BUILDING AMENTIES:
• Air Conditioning
• Concrete Flooring, downstairs-Vinyl upstairs
• Stainless Steel Appliances, Range, Microwave Refrigerator and Dishwasher
• Washer & Dryer Connections in all units
• Pantry
• Smoke-Free
• Tub/Shower
• Walk-In Closets
• Cable Ready & High Speed Internet
• Ceiling Fans
• Island Kitchen in some units
• Dining Room
• Granite Countertops
• Beautiful Backsplashes
• Porch
• Fenced in private Yards
• 24 Hour Access
• Picnic Area
• Pets Welcome-No Monthly Fees
• Fenced in Dog Park
• Wheelchair Accessible
FINANCIAL SUMMARY (ACTUAL - 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 |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 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 | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $7,185,000 | Property Subtype | Apartment |
| Price Per Unit | $163,295 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6% | Lot Size | 3.14 AC |
| Sale Condition | 1031 Exchange | Building Size | 44,270 SF |
| Gross Rent Multiplier | 10 | Average Occupancy | 100% |
| No. Units | 44 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Price | $7,185,000 |
| Price Per Unit | $163,295 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10 |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 3.14 AC |
| Building Size | 44,270 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Dining Room
- Double Pane Windows
- Family Room
- Framed Mirrors
- Handrails
- Pantry
- Patio
- Porch
- Smoke Free
SITE AMENITIES
- Picnic Area
- Pet Play Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 36 | $1,275 | 944 - 1,000 |
| 2+2 | 8 | $7,950 | 1,000 - 1,010 |
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Cottage Pointe Studio Apartments | 615 Hayman St
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