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44537 Old Houston Hwy 6 Unit Apartment Building $650,000 ($108,333/Unit) Hempstead, TX 77445
Investment Highlights
- Multi-family for sale, six units.
Executive Summary
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
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
Property Facts
| Price | $650,000 | Property Subtype | Apartment |
| Price Per Unit | $108,333 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 3,808 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2014 |
| Zoning | None | ||
| Price | $650,000 |
| Price Per Unit | $108,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.43 AC |
| Building Size | 3,808 SF |
| No. Stories | 2 |
| Year Built | 2014 |
| Zoning | None |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Contact the Sale Advisor
44537 Old Houston Hwy