The French Quarters Residence is a 40-unit gated-community located in Alvin, Texas. Alvin is a commuter suburb of Houston and is part of the booming Galveston/Brazoria sub-market. Designed and well-built in 1961, the property features a garden-style architecture with predominately brick veneer exterior and pitched roofs that were replaced in 2008, a roofer has recently fixed all leaks. Residents enjoy cozy two-bedroom units designed with comfort and modern living in mind featuring new black appliances and tile flooring. The complex consists of four buildings and an adjacent leasing center that enjoys extensive frontage along a major highway, S Loop 35. S. Loop 35 (the Hwy 35 Bypass) and Mustang Road, and boasts a daily traffic count of over 19,000. This is a major drive-by location. It is less then one-half mile from Alvin Community College. The college is home to a student body of over 5,000 students and over 500 employees. The property is approximately 21 miles from downtown Houston. The property fell into disrepair and a new owner took over and started a partial rehab which includes: New sheetrock New copper wiring New A/C or modified to meet code New wood cabinets with soft close device Quartz and wood countertops Luxury, walk-in showers Black or stainless steel appliances Gas stoves Wired smoke detectors Plumbing drains are new PVC New fans and fixtures The property has pitched roofs estimated to be 13 years old. Four buildings with four boilers. The ground drain lines are cast iron. There are 21 Classic Units which rent for $800 - $900. There are 19 completely remodeled units which rent for $975 - $1,100. A RUBS was implemented in December 2022 for water/gas/trash/and pest control (about 66% implemented). Tenant pays electricity.