1205 Avenue A - Apartments FOR SALE


Katy, TX 77493- Bear Creek/Copperfield
$1,250,000 USD
936-672-7671
1205 Avenue A, Katy, TX for Sale
$1,250,000 USD
Apartments - FOR SALE
1/19
null | 5.2% Cap Rate


HIGHLIGHTS

  • 100% Occupied
  • Stabilized Asset
  • New Roof (2026)
  • Eight Large 2BR/1BA Units
  • Professional Management in Place
  • Immediate Cash Flow

OVERVIEW

Exceptional opportunity to acquire a fully stabilized 8-unit multifamily investment in the heart of Downtown Katy, one of the fastest-growing submarkets in the Houston MSA. The property is currently 100% occupied and consists of eight spacious 2-bedroom/1-bath units averaging approximately 790 square feet. Recent capital improvements include a new roof (2026), complete exterior repaint, updated interiors, and ongoing property enhancements, resulting in a turnkey investment with minimal deferred maintenance. Current ownership has completed the lease-up and stabilization process, positioning the asset for immediate cash flow. Historical T-12 financials are available for review; however, the property is now fully stabilized with current in-place rents exceeding historical collections due to recent lease renewals and occupancy improvements. Investors benefit from professional management, strong rental demand, and continued upside through future rent growth in one of Houston’s strongest suburban markets. Conveniently located minutes from Interstate 10, US-90, Grand Parkway (SH-99), Katy Mills, Memorial Hermann Katy Hospital, and the expanding Katy employment corridor. Complete financial package, rent roll, leases, and due diligence documents available upon execution of a Confidentiality Agreement.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

8

PRICE/UNIT

$156,250

CAP RATE

5.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Katy Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

OKD

APN/PARCEL ID

0220290000005

ASK ABOUT THIS PROPERTY

Heather CarlileBlavesco, LTDMore Info
936-672-7671

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Heather CarlileBlavesco, LTDMore Info
936-672-7671

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.