1312 W Adoue St - Apartments FOR SALE


Alvin, TX 77511
$825,000 USD
713-316-7049
1312 W Adoue St, Alvin, TX for Sale
$825,000 USD
Apartments - FOR SALE
1/45
null | 6.23% Cap Rate

1312 W Adoue St
Alvin, TX 77511


OVERVIEW

Partners is pleased to present an 8-unit apartment complex at 1312 W Adoue St in Alvin, TX, renovated in 2024. Strategically located in the heart of Alvin, this property is within a mile of Alvin High School and minutes from Highway 6 and Highway 35, providing seamless access to Houston and Galveston. Alvin is a rapidly growing suburb with nearly 50,000 people and an average household income of about $87,000 within a 5 mile radius. Alvin is also near major employers in the petrochemical and agricultural industries which provide the area with a strong tenant base. This complex underwent extensive renovations in the past year including new roofing, new windows, pex plumbing, new boiler, and a complete interior renovation. The stunning renovations ensure high occupancy in these attractive units, with further potential upside available by implementing a RUBS system. This cash-flowing asset offers an exceptional investment opportunity for both first-time investors and experienced operators, with potential for rent increases and additional revenue streams.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

8

PRICE/UNIT

$103,125

CAP RATE

6.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,502 SF

ZONING

-

APN/PARCEL ID

3690-0140-000

ASK ABOUT THIS PROPERTY

Charles PeckhamPartnersMore Info
713-316-7049

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Charles PeckhamPartnersMore Info
713-316-7049

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.