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.