10/20/2025
🔥 Investment Opportunity – Fully Renovated 8-Unit Apartment Complex in Alvin, TX 🔥
Asking Price: $825,000
Cap Rate: 6.23% | Pro Forma Cap Rate: 7.57%
Occupancy: 100% | Year Renovated: 2024
https://drive.google.com/drive/folders/1JWbve9FKXnoG7HRLpf_1zoGpAvVL8L4z
Property Overview
I am pleased to present an exceptional 8-unit multifamily apartment complex located in the heart of Alvin, Texas — a thriving suburb strategically positioned between Houston and Galveston. This property represents a turnkey, cash-flowing investment that’s been fully renovated and stabilized, offering investors a reliable stream of income and strong future upside.
Location Highlights
📍 Within 1 mile of Alvin High School
🚗 Minutes from Highway 6 and Highway 35 for seamless regional access
🌆 Part of a rapidly growing community of nearly 50,000 residents
💰 Average household income: $87,000+ within a 5-mile radius
🏭 Surrounded by major employers in the petrochemical and agricultural industries, ensuring a strong and stable tenant base
Property Features
• 8 Units | 6,592 Sq. Ft. | 2 Buildings
• Extensive 2024 Renovations, including:
• New roofing & windows
• New PEX plumbing
• New boiler system
• Full interior upgrades (flooring, kitchens, baths, lighting)
• Lot Size: 12,502 Sq. Ft.
• Investment Type: Stabilized Asset
Investment Highlights
💵 Current NOI: $51,377
📈 Pro Forma NOI: $62,477
🏠 100% Occupied – Immediate cash flow
💡 Value-Add Potential: Implement a RUBS (Ratio Utility Billing System) program and capture additional revenue through rent adjustments and ancillary income opportunities.
Why Invest
This asset combines modern renovations, strong market fundamentals, and proven income performance. It’s ideal for both first-time multifamily investors and seasoned operators seeking steady returns in a growing market.
For more details, financials, and private showings:
📞 Contact: Raquel Church | Realtor
281-746-8332
📧 Email: [email protected]
Serving Greater Houston & Surrounding Areas