The Yellowstone Apartments 4706 Yellowstone Blvd
25 Unit Apartment Building $2,900,000 ($116,000/Unit) Houston, TX 77021
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INVESTMENT HIGHLIGHTS
- All Units Have Granite Countertops
- Gated Front Entrance
- Located Near NRG Stadium
- Gated Parking
- Updated Light Fixtures
EXECUTIVE SUMMARY
Currently being remodeled and coming to completion (estimated completion date March 2025, Offered at 2.9 million (unoccupied). Once filled to capacity, price will increase to reflect. New flooring, paint, mainline plumbing, electrical panels, granite, cabinets, HVAC, doors, windows, 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.
PROPERTY FACTS
Price | $2,900,000 |
Price Per Unit | $116,000 |
Sale Type | Investment |
No. Units | 25 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.46 AC |
Building Size | 18,840 SF |
Average Occupancy | 88% |
No. Stories | 2 |
Year Built/Renovated | 1955/2024 |
Parking Ratio | 1.7/1,000 SF |
Opportunity Zone |
Yes |
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
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PROPERTY TAXES
Parcel Number | 0572790130021 | Improvements Assessment | $1,175,167 |
Land Assessment | $340,000 | Total Assessment | $1,515,167 |
ZONING
Zoning Code | None |