44537 Old Houston Hwy - Apartments FOR SALE


Hempstead, TX 77445
$650,000 USD
281-330-0994
44537 Old Houston Hwy, Hempstead, TX for Sale
$650,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

44537 Old Houston Hwy
Hempstead, TX 77445


HIGHLIGHTS

  • Multi-family for sale, six units.

OVERVIEW

Rental square footage is 5400 SqFt. Current rent roll is $6,500.00 monthly. Laundry and utility income is $1,000.00 monthly on average. Annual income on average is $ 90,000.00. Exceptional income-producing property located just minutes from Highway 290 in rapidly growing Prairie View. This four-unit property offers immediate cash flow with strong rental demand driven by nearby Prairie View A&M University and continued area development. Each unit is well-positioned for consistent occupancy. Ideal workforce rentals, or long-term tenants. Additional SqFt upstairs. Strategically located near US-290, offering quick access to Houston while still benefiting from the quieter, high-demand rental market of Prairie View. Property Highlights:    •   4 income-producing units possible expansion of two more.    •   Gross income $7,500 monthly which includes utilities    •   Close to Prairie View A&M University    •   Easy access to Highway 290

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

6

PRICE/UNIT

$108,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

None

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Colt HaackColdwell BankerMore Info
281-330-0994

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Colt HaackColdwell BankerMore Info
281-330-0994

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