711 Thompson Drive, Prairie View, TX

$3,350,000

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48

Beds

1.00

Acre

About 711 Thompson Drive

Panther Quarters is a purpose-built student housing community located just two blocks from Prairie View A&M University in Prairie View, Texas. Built in 2006, the property consists of twelve 4-bedroom,4-bath apartment homes (48 beds) across six two-story residential buildings on approximately 1.02 acres. The property utilizes a lease-by-the-bedroom operating model designed specifically for student housing, with spacious floor plans featuring private bedrooms and bathrooms, shared living areas, granite countertops, fully equipped kitchens, in-unit washers and dryers, individually controlled HVAC systems, and individually metered electricity. Residents enjoy convenient access to campus while remaining connected to the Houston metropolitan area via U.S. Highway 290. Panther Quarters has been professionally maintained and offers investors an opportunity to acquire a stabilized student housing asset serving one of Texas' premier public universities. Continued university enrollment, limited on-campus housing, and strong demand for off-campus accommodations support the property's long-term investment appeal. Additional due diligence materials, including financial information, surveys, and property documentation, are available upon request.

Features of 711 Thompson Drive

MLS® # 21346023
Price $3,350,000
Bedrooms 48
Bathrooms 0.00
Acres 1.00
Year Built 2006
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 711 Thompson Drive
Subdivision Panther Quarters Sub
City Prairie View
County Waller
State TX
Zip Code 77484

Amenities

Utilities Asphalt
Parking Spaces 50
Garages Asphalt
Is Waterfront No
Pool On Property No

Interior

Interior Features Cable TV Available
Heating Electric
Fireplace No

Exterior

Roof Composition
Construction Brick
Foundation Slab

School Information

District Waller ISD
Elementary Jones
Middle Schultz
High Waller

Additional Information

Flooring Ceramic Tile, Laminate
Net Income $195,697
Building Sqft 5,624
# Units 12

Listing Details

AgentMarcus Nelson
OfficeUnited Real Estate Frisco
Contact Info214-315-0440

Listing Map

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