The Yellowstone Apartments 4706 Yellowstone Blvd

25 Unit Apartment Building $2,900,000 ($116,000/Unit) Houston, TX 77021

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.

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

PROPERTY TAXES

ZONING

Zoning Code None
  • Listing ID: 34061374

  • Date on Market: 12/3/2024

  • Last Updated:

  • Address: 4706 Yellowstone Blvd, Houston, TX 77021