40 UNIT APT COMPLEX - NEAR UH/TSU - RENOVATED 3643 N MacGregor Way

Introducing an exceptional investment opportunity: a fully renovated 40-unit multifamily property located at 3643 N MacGregor Way, Houston, TX 77021. This prime property is minutes from the University of Houston, Texas Southern University, and the Texas Medical Center, ensuring high rental demand. The complex consists of 28 two-bedroom and 12 three-bedroom units, offering a total rentable area of 29,068 sq. ft. Following a comprehensive renovation in 2021, including interior upgrades, exterior repairs, and modernized systems, the property is in excellent condition with 85% occupancy.
The apartments feature modern interiors, central heating and cooling, energy-efficient windows, and a full appliance package. Each unit is separately metered for electricity, offering cost efficiency for both tenants and the owner. The property’s prime location provides easy access to major transportation routes and nearby amenities such as Hermann Park and the Museum District, appealing to a diverse tenant base including students and professionals.
Furthermore, the owner is implementing a Ratio Utility Billing System (RUBS), which will significantly increase rental income and net operating income by shifting utility costs to tenants. This value- add opportunity enhances the property’s profitability and makes it even more appealing to investors seeking steady cash flow and long-term appreciation.