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1312 W Adoue St
Alvin, TX 77511
Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price Per Unit | $103,125 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 6.23% | Building Size | 6,592 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2024 |
| Property Subtype | Apartment |
| Price Per Unit | $103,125 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 6,592 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1978/2024 |
PROPERTY TAXES
| Parcel Number | 3690-0140-000 | Improvements Assessment | $566,800 |
| Land Assessment | $34,130 | Total Assessment | $600,930 |
PROPERTY TAXES
Parcel Number
3690-0140-000
Land Assessment
$34,130
Improvements Assessment
$566,800
Total Assessment
$600,930
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