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The Yellowstone Apartments 4706 yellowstone

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

Executive Summary

Currently being remodeled and coming to completion (estimated completion date January 2025, Offered at 2.9 million (unoccupied). Once filled to capacity, price will increase to reflect. New flooring, paint, mainline plumbing, granite, cabinets, HVAC, doors, fixtures. Gated community with assigned parking on 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

PROPERTY TAXES

Parcel Number
0572790130021
Land Assessment
$340,000
Improvements Assessment
$1,175,167
Total Assessment
$1,515,167

zoning

Zoning Code None
None
  • Listing ID: 34061374

  • Date on Market: 12/3/2024

  • Last Updated:

  • Address: 4706 yellowstone, Houston, TX 77021

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