Fully Stabilized 8-Unit Multifamily Investment 100% Occupied | Recent Capital Improvements

About this property

We are pleased to present Fully Stabilized 8-Unit Multifamily Investment 100% Occupied | Recent Capital Improvements , a 8-unit apartment community strategically located at 1205 Avenue A in Katy, Texas. This exceptional multifamily asset offers investors a rare opportunity to acquire a well-maintained residential property in one of the region's strongest rental markets. Katy Terrace Apartments presents the opportunity to acquire a fully stabilized eight-unit apartment community in the heart of Downtown Katy. The property is 100% occupied following execution of a new lease at $1,180 per month, demonstrating continued rental demand. Recent capital improvements, including a new roof and a complete exterior repaint just completed, significantly reduce near-term capital expenditures while enhancing curb appeal. Investors benefit from immediate cash flow, strong in-place income, and long-term appreciation potential in one of Houston’s fastest-growing suburban markets. Fully Stabilized 8-Unit Multifamily Investment 100% Occupied | Recent Capital Improvements is a 8-unit multifamily community comprising 6,324 total square feet on a 0.187-acre site in Katy, TX. The property has demonstrated consistently strong stabilized occupancy, reflecting durable renter demand and effective management at this location. Management currently in place.

Property highlights

Net operating income

$85,000

Capitalization rate

6.30%

Units

8

Financial information is supplied by the listing team. Review the offering documents and independently verify all figures.

Building size

6,324 SF

Lot size

0.1870 acres

Year built

1975

County

Harris

Map position is based on listing coordinates. Confirm access, entrances, and boundaries with the listing team; the marker is not a parcel survey.