Apartment Complex - Hemstead, TX 77445

[Chuck Redman]

Location: Hempstead, TX 77445

Price: $1,350,000

No. Units: 32

Price/Unit: $42,187.50

Building Size: 30,224 SF

Lot Size: 0.72 AC

Occupancy: 100%

Rent/Unit: $550 (currently under market of $600)

Built in 1996

32 Units (all same 2/1 floor plan and approx. 850 sq.ft. per unit

4 Buildings, 8 units in each building

Individual electric meters (all electric units)

Individual water heaters, dishwashers & central air/heat

Washer/Dryer in each unit

Single water meter for entire property (paid by owner)

Lawn sprinkler system covers entire property

16 Security cameras throughout the property (with monitor in office & with internet access available

Majority of renters attending Prairie View A&M University (approx. 10 miles away)

2 on-site storage containers - 1 containing office with electric (window a/c unit), water and restroom, telephone and internet capabilities

Off-site managing service.

Let me know if you have any interest in this property or have any questions.