Prime 12-Unit Apartment Complex – Investor’s Dream! Seize this incredible investment opportunity in the heart of Prairie View! This 12-unit multifamily complex, featuring all 2-bedroom, 1-bath units, is perfectly situated directly across from Prairie View A&M University, which boasts an enrollment of approximately 10,000 students. With a steady demand for off-campus housing, this property offers strong rental potential and a fantastic return on investment. Priced to sell with new roof and is offered AS-IS, with no repairs—making it a perfect value-add opportunity for savvy investors. Take advantage of the high-demand rental market in this prime location. Don't miss out—this one won’t last long!
For sale
$789,000
2003 Phillips St, Hempstead, TX 77445
--beds
0baths
7,844sqft
Est.:
Multi Family
Built in 2002
-- sqft lot
$-- Zestimate®
$101/sqft
$-- HOA
What's special
- 40 days
- on Zillow |
- 82 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: March 24, 2025 at 09:57am
Listed by:
Sharon Boothe-Smith TREC #0585073 281-883-9887,
Texas Premier Realty
Source: HAR,MLS#: 96127154

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Range, Refrigerator
- Laundry: Central Laundry
Features
- Ceiling Fan(s)
Interior area
- Total structure area: 7,844
- Total interior livable area: 7,844 sqft
Property
Parking
- Parking features: Paved
Features
- Levels: Multi/Split
- Stories: 2
- Exterior features: Balcony
- Fencing: Fenced Area
Lot
- Size: 0.41 Acres
- Features: Cleared
Details
- Parcel number: 312400003001100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Utilities for property: Electricity Connected, Water Connected
Community & HOA
Community
- Subdivision: A312400
Location
- Region: Hempstead
Financial & listing details
- Price per square foot: $101/sqft
- Annual tax amount: $14,216
- Date on market: 3/17/2025
- Listing agreement: Exclusive Right to Sell/Lease
- Listing terms: Cash,Conventional,Investor
- Lease term: 1 Year
- Electric utility on property: Yes
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