PECAN APARTMENTS 404 W Coombs St 10 Unit Apartment Building For Sale Alvin, TX 77511

PECAN - is a value enhancement opportunity. The property is being offered on an "all cash" basis (new loan is required). Pecan is a 10 unit, "C+" grade, garden style apartment community located in a "C+" area of Alvin, Texas. It is located approximately 32 miles southeast of downtown Houston, Texas. The property is individually metered for electric and master metered for gas and water (the owner is billing back for water), for additional income a new owner may be able to bill back for gas and trash. The owner has performed some upgrades, there seems to be good upside with continued exterior and interior improvements.
The property has Ingress and Egress from Coombs St and Taylor St. It is located within walking distance of S. Gordon St, under a mile from Hwy 6, approx. 1 mile to Hwy 35 Loop within walking distance of Alvin High School and the Rise Academy. It is approximately 2 miles to Alvin elementary school and a little over a mile and a half to Alvin Jr. High. The property sits across the street from a Christian Day Care and learning center. Pecan is located approximately a 1/2 mile south of downtown Alvin, Texas.