713-783-6262
2441 S Bypass 35, Alvin, TX for Sale
Apartments - FOR SALE
1/13
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2441 S Bypass 35
Alvin, TX 77511


HIGHLIGHTS

  • Minutes away from employment hubs such as the chemical complex in Freeport , the Port of Freeport, Houston's Industrial Complex, the Houston CBD
  • Each unit has individual electric hot water heaters, washer and dryer connections and ground level access.
  • There are 80 covered parking spaces. There are additional open spaces, each unit is allowed two spaces for parking.
  • Located along the proposed path of the Grand Parkway, which will run along Hwy 35 Bypass located in front of the property.
  • There Owner has the two parcels of land in front of the property for sale separately.
  • Owner / Builder ha owned since 2010

OVERVIEW

The Kenton - is being offered on an "All Cash" basis (Buyer to obtain new financing). The property is an 80 unit, "A-" grade, garden style apartment community. It is located in the Alvin area of the Houston MSA. This area has good accessibility to the business district along Hwy 35. The property was built in 2010 by the current owner and has been well taken care of. The owner has expended $360K+ in CapEx from January 2023 to December 2025. Each unit has washer and dryer connections and individual electric hot water heaters. The Kenton has a stand alone leasing office with a clubhouse that includes a kitchen as well as an exercise room for tenants' enjoyment. The property has 160 parking spaces of which 80 are covered spaces. In addition, the property has fire sprinklers throughout. Additional property amenities include - available Cable, Convenient Access to Major Transportation Arteries in the area, Convenient Commute to Port Freeport and to the employment in Houston, On-site Laundry Facility, Sitting and Grilling areas, Pool, Storage, Access Gates and Fully Fenced. All units have ground access. The property is all electric with the exception of the common area which has gas as well as electric. Location & Accessibility - the property is well located in the Brazosport Area in the city of Alvin. It benefits not only from the employment generated in Alvin but also by the employment generated by the petrochemical plants in the surrounding areas and employment generated by the city of Houston. Alvin is approximately 12 miles south of the Houston city limits and a short 45 minute commute to Galveston. Major Transportation arteries within minutes of the property are TX-35 Buss. TX-6, Hwy 35 Bypass, TX-35 Loop, Mustang Rd., Old Galveston Rd. and County Rd 155 and the soon to be Grand Parkway (Hwy 99), which will run in front of the property where Hwy 35 Bypass is now. The Grand Parkway is a major ring road that encircles the Greater Houston area, providing connectivity between various regions, including Alvin in Brazoria County. It's designed to alleviate congestion and facilitate easier access to surrounding areas, making it a vital artery for both local traffic and long-distance travel.

FOR SALE DETAILS

PRICE

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# OF UNITS

80

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kenton

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2010

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.15 AC

LAND SF

268,112 SF

ZONING

-

APN/PARCEL ID

4735-0001-001

ASK ABOUT THIS PROPERTY

Jim HurdHouston Income Properties, Inc.More Info
713-783-6262

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Jim HurdHouston Income Properties, Inc.More Info
713-783-6262

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