4706 Yellowstone Blvd - Apartments FOR SALE


Houston, TX 77021- OST-South Union
$2,900,000 USD
936-777-5077
4706 Yellowstone Blvd, Houston, TX for Sale
$2,900,000 USD
Apartments - FOR SALE
1/25
null | 6.5% Cap Rate

4706 Yellowstone Blvd
Houston, TX 77021
OST-South Union


HIGHLIGHTS

  • Located Near NRG Stadium
  • Close Proximity to Medical Center
  • Near University of Houston
  • Gated Parking
  • New Light Fixtures, Plumbing, Electrical and HVAC- All units have Granite and/or Quartz Countertops
  • Section 8 Housing

OVERVIEW

4706 Yellowstone Apartments presents a rare opportunity to acquire a fully renovated 25-unit multifamily asset in Houston, Texas, offered at a price supported by a recent third-party appraisal of approximately $3.25 million. The property is currently in lease-up following a comprehensive capital improvement program totaling approximately $1.41 million. Renovation has been completed across all major systems and interiors, positioning the asset for operational stabilization with minimal near-term capital requirements. Current leasing activity is achieving rental rates that exceed prior appraisal assumptions, with executed leases reflecting full market rents. Temporary concessions have been strategically structured and are scheduled to burn off, resulting in organic income growth without the need for further operational changes. This offering is ideally suited for investors seeking a stabilized-quality asset with remaining lease-up upside, allowing for immediate NOI expansion through occupancy growth while acquiring at a basis supported by both cost and third-party valuation. Structured financing available for qualified buyers. NO equity / NO partnerships / NO JV. Financing is offered strictly as a purchase structure for qualified investors with defined exit strategies. “Detailed financials and offering memorandum available upon request.”

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

25

PRICE/UNIT

$116,000

CAP RATE

6.5%

% LEASED

20%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Yellowstone Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,998 SF

ZONING

None

APN/PARCEL ID

0572790130021

ASK ABOUT THIS PROPERTY

Teresa HillHill McCray RealtyMore Info
936-777-5077

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Teresa HillHill McCray RealtyMore Info
936-777-5077

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