7430 Mount St
Houston, TX 77088
Acres Homes
HIGHLIGHTS
- Mount Apartments is a 12-unit multifamily property offering a value-add opportunity through organic rent growth, with below-market rents.
- Fully occupied property located in a highly desirable submarket of Houston, Texas.
- Mount Apartments features new interior and exterior paint, an updated roof, new stoves, air conditioning units, refrigerators, and updated plumbing.
- Houston remains one of the nation’s top-performing metros for job growth, with the labor market now boasting over 300,000 more positions.
- Over the past decade, Houston’s population has expanded at a remarkable pace 18.2% growth compared to the national average of 6.2%.
- Recognized as the largest medical complex in the world-employs tens of thousands of healthcare professionals, researchers and support staff.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the Mount Apartments located at 7430 Mount Street in Houston, TX. This 12-unit multifamily property presents an exceptional value-add investment opportunity through organic rent growth, with current rents below market and multiple units demonstrating proven upside potential of more than $150 per unit. This property offers a favorable unit mix of one and two-bedroom units that are fully occupied and situated in a highly desirable and stable submarket of Houston, surrounded by strong residential demand and proximity to major employment centers, retail, and transportation corridors, making it an attractive long-term investment opportunity.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$1,350,000 USD
PRICE/SF
$162 USD /SF
# OF UNITS
12
PRICE/UNIT
$112,500
CAP RATE
8.4%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mount Apartments - Houston, TX
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Manufactured Housing/Mobile Housing
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1960
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.28 AC
LAND SF
12,192 SF
ZONING
-
APN/PARCEL ID
0162670050041
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754-258-5750
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