Description
NEW ROOF 4/2026! 9% Pro Forma Cap Rate-Turnkey 8-Unit Multifamily Investment-Renovated & Income-Producing! * Cosmetic renovations to every unit completed in 2024 with quality upgrades * Modern kitchens with full-size appliances, stone countertops & tile backsplash * Ceiling fans in both the living room & bedroom * Walk-in closets * Private entry, individual parking, separate electric meters per unit * Attractive brick & wood plank siding for lasting curb appeal * Dumpster on-site. This complex offers steady rental income & additional revenue from the brand NEW coin-operated washer & dryer located in a separate laundry room. Quiet corner lot in a residential neighborhood near downtown Alvin, TX ~30 miles from Houston & Galveston. There is an on-site property supervisor. Each unit is 1-bedroom/1-bath thoughtfully designed for comfort & functionality. * DRIVE BY ONLY! Please do not disturb tenants. Showings & inspections allowed during feasibility period.
Details
| MLS # | 39540693 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1967 |
| Days On Site | 99 |
| Listing Provided By | JLA Realty | Susan Rideau |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 3,281 |
| Story(s) | 1 |
| Units | 8 |
| Acreage | 8551.00 |
Exterior
| Lot Features | Corner Lot |
|---|
Taxes
| Tax Annual Amount | 8895 |
|---|
Area Information
| State | TX |
|---|---|
| County | Brazoria |
| City | Alvin |
| Zip Code | 77511 |
| Area | 5 |
| Subarea | Alvin Area |
| Community Name | Bruner Alvin |
| Listing VS Median (in Bruner Alvin) | |
Price: $575,000 low | high Med: $575,000 sqft: 3,281 low | high Med: 3,281 $ / sqft: $175 low | high Med: $175 On site: 99 low | high Med: 99 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Brazoria |
| City | Alvin |
| Zip Code | 77511 |
| Area | 5 |
| Subarea | Alvin Area |
| Community Name | Bruner Alvin |
| Listing VS Median (in Bruner Alvin) | |
Price: $575,000 low | high Med: $575,000 sqft: 3,281 low | high Med: 3,281 $ / sqft: $175 low | high Med: $175 On site: 99 low | high Med: 99 | |
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