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Kenton 2441 S Bypass 35 80 Unit Apartment Building For Sale Alvin, TX 77511
Investment Highlights
- Minutes away from employment hubs such as the chemical complex in Freeport , the Port of Freeport, Houston's Industrial Complex, the Houston CBD
- There are 80 covered parking spaces. There are additional open spaces, each unit is allowed two spaces for parking.
- There Owner has the two parcels of land in front of the property for sale separately.
- Each unit has individual electric hot water heaters, washer and dryer connections and ground level access.
- Located along the proposed path of the Grand Parkway, which will run along Hwy 35 Bypass located in front of the property.
- Owner / Builder ha owned since 2010
Executive Summary
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.
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.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 6.16 AC |
| No. Units | 80 | Building Size | 64,000 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 2010 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.16 AC |
| Building Size | 64,000 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 2010 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Ceiling Fans
- Crown Molding
- Hardwood Floors
- Tub/Shower
- Walk-In Closets
- Patio
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Picnic Area
- Pool
- Property Manager on Site
- Gated
- Gameroom
- Grill
- Package Service
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 48 | $1,250 | 768 - 799 |
| 2+2 | 32 | $1,615 | 1,072 - 1,164 |
Property Taxes
| Parcel Number | 4735-0001-001 | Improvements Assessment | $7,099,960 (2025) |
| Land Assessment | $200,040 (2025) | Total Assessment | $7,300,000 (2025) |
Property Taxes
Parcel Number
4735-0001-001
Land Assessment
$200,040 (2025)
Improvements Assessment
$7,099,960 (2025)
Total Assessment
$7,300,000 (2025)
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Kenton | 2441 S Bypass 35
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