3643 N MacGregor Way | Houston, TX 77004
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3643 N MacGregor Way
Houston, TX 77004
40 UNIT APT COMPLEX - NEAR UH/TSU - RENOVATED · Multifamily Property For Sale
·
40 Units
INVESTMENT HIGHLIGHTS
- MacGregor Palms Apartments provides an 85% occupied multifamily investment with extensive property renovations and an easily accessible location.
- Key property features include modern interiors, central heat/cooling, energy-efficient windows, and a complete appliance package.
- The exceptional investment is placed just minutes from the University of Houston, Texas Southern University, and the Medical Center Area.
- A Ratio Utility Billing System (RUBS) is being implemented, significantly increasing rental income and NOI by shifting utility costs to tenants.
PROPERTY FACTS
| No. Units | 40 | Building Size | 32,134 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1957/2021 |
| Building Class | C | Parking Ratio | 1.3/1,000 SF |
| Lot Size | 1.25 AC |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.25 AC |
| Building Size | 32,134 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2021 |
| Parking Ratio | 1.3/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 28 | - | - |
| 3+1 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 0410310340227 | Improvements Assessment | $2,264,678 |
| Land Assessment | $1,191,607 | Total Assessment | $3,456,285 |
PROPERTY TAXES
Parcel Number
0410310340227
Land Assessment
$1,191,607
Improvements Assessment
$2,264,678
Total Assessment
$3,456,285
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