214-991-5818
9402 Synott Rd, Houston, TX for Sale
Apartments - FOR SALE
1/35
null | Request Cap Rate

9402 Synott Rd
Houston, TX 77083
Alief


HIGHLIGHTS

  • Assumable Loan at 3.34% Interest Rate - Matures in 2031
  • $118/Month Proven Premiums on Five Renovated Units
  • $2MM+ in Value Enhancement by Upgrading Remaining 102 Lightly Renovated Units
  • Washer and Dryer Connections in Every Unit
  • 70% of the Units are 2-Bedrooms
  • Assumable Property Insurance ($83,029.99/Year)

OVERVIEW

Summary: The Multifamily Group is pleased to present the exclusive opportunity to acquire Synott Square, a compelling value-add multifamily investment located in Houston, Texas. Built in 1983, the property comprises 108 units with an average unit size of 760 square feet. The community offers a mix of one- and two-bedroom floor plans, with two-bedroom units representing approximately 70% of the unit mix (76 units). Synott Square is currently 96% physically occupied, with economic occupancy averaging 91% over the trailing 12 months and improving to 93% in recent months as collections strengthened and delinquency declined. The property also has an assumable loan with a balance of approximately $6,376,772, an interest rate of 3.34%, and a little under five years remaining on the term, as well as the opportunity to assume the existing insurance policy, which was renewed in November 2025 at an annual premium of approximately $83,030 ($768 per unit). Location: Synott Square is strategically located in West Houston, one of the city’s most established and densely populated residential corridors. Positioned near the intersection of Highway-6 and the Westpark Tollway, the property benefits from excellent connectivity to major employment centers throughout the Energy Corridor, Westchase District, and Downtown Houston. Residents enjoy convenient access to Interstate-69, and Beltway 8, allowing for easy commutes across the Houston MSA.

FOR SALE DETAILS

PRICE

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# OF UNITS

108

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Synott Square Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

161

LAND DETAILS

LAND ACRES

3.95 AC

LAND SF

172,136 SF

ZONING

B1

APN/PARCEL ID

0471340000033

ASK ABOUT THIS PROPERTY

Dylan TomorThe Multifamily GroupMore Info
214-991-5818

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Dylan TomorThe Multifamily GroupMore Info
214-991-5818

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