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The French Quarter Residence 2550 S Bypass 35 40 Unité Immeuble d’appartements À vendre Alvin, TX 77511
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Ideal for the small investor
- Great opportunity to purchase a value-add investment
- Alvin is a strong sub-market of Houston
- 19 units have received a complete remodel - remodeled units get $175/$200 bump
- Excellent access to major employment centers
- All cash or possible owner financing
RÉSUMÉ DE L'ANNONCE
The French Quarters Residence is a 40-unit gated-community located in Alvin, Texas. Alvin is a commuter suburb of Houston and is part of the booming Galveston/Brazoria sub-market.
Designed and well-built in 1961, the property features a garden-style architecture with predominately brick veneer exterior and pitched roofs that were replaced in 2008, a roofer has recently fixed all leaks. Residents enjoy cozy two-bedroom units designed with comfort and modern living in mind featuring new black appliances and tile flooring. The complex consists of four buildings and an adjacent leasing center that enjoys extensive frontage along a major highway, S Loop 35. S. Loop 35 (the Hwy 35 Bypass) and Mustang Road, and boasts a daily traffic count of over 19,000. This is a major drive-by location.
It is less then one-half mile from Alvin Community College. The college is home to a student body of over 5,000 students and over 500 employees. The property is approximately 21 miles from downtown Houston.
The property fell into disrepair and a new owner took over and started a partial rehab which includes:
New sheetrock
New copper wiring
New A/C or modified to meet code
New wood cabinets with soft close device
Quartz and wood countertops
Luxury, walk-in showers
Black or stainless steel appliances
Gas stoves
Wired smoke detectors
Plumbing drains are new PVC
New fans and fixtures
The property has pitched roofs estimated to be 13 years old. Four buildings with four boilers. The ground drain lines are cast iron. There are 21 Classic Units which rent for $800 - $900. There are 19 completely remodeled units which rent for $975 - $1,100. A RUBS was implemented in December 2022 for water/gas/trash/and pest control (about 66% implemented). Tenant pays electricity.
Designed and well-built in 1961, the property features a garden-style architecture with predominately brick veneer exterior and pitched roofs that were replaced in 2008, a roofer has recently fixed all leaks. Residents enjoy cozy two-bedroom units designed with comfort and modern living in mind featuring new black appliances and tile flooring. The complex consists of four buildings and an adjacent leasing center that enjoys extensive frontage along a major highway, S Loop 35. S. Loop 35 (the Hwy 35 Bypass) and Mustang Road, and boasts a daily traffic count of over 19,000. This is a major drive-by location.
It is less then one-half mile from Alvin Community College. The college is home to a student body of over 5,000 students and over 500 employees. The property is approximately 21 miles from downtown Houston.
The property fell into disrepair and a new owner took over and started a partial rehab which includes:
New sheetrock
New copper wiring
New A/C or modified to meet code
New wood cabinets with soft close device
Quartz and wood countertops
Luxury, walk-in showers
Black or stainless steel appliances
Gas stoves
Wired smoke detectors
Plumbing drains are new PVC
New fans and fixtures
The property has pitched roofs estimated to be 13 years old. Four buildings with four boilers. The ground drain lines are cast iron. There are 21 Classic Units which rent for $800 - $900. There are 19 completely remodeled units which rent for $975 - $1,100. A RUBS was implemented in December 2022 for water/gas/trash/and pest control (about 66% implemented). Tenant pays electricity.
FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement | Taille du bâtiment | 34 120 pi² |
| Nombre d’unités | 40 | Occupation moyenne | 93% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction | 1965 |
| Style d’appartement | Jardin | Ratio de stationnement | 1,73/1 000 pi² |
| Classe d’immeuble | C | Zone de développement économique |
Oui
|
| Taille du lot | 1,61 AC | ||
| Zonage | 0053 | ||
| Type de vente | Investissement |
| Nombre d’unités | 40 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 1,61 AC |
| Taille du bâtiment | 34 120 pi² |
| Occupation moyenne | 93% |
| Nombre d’étages | 2 |
| Année de construction | 1965 |
| Ratio de stationnement | 1,73/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | 0053 |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Prêt pour le câble
- Chauffage
- Ventilateurs de plafond
- Planchers de tuiles
- Planchers de bois franc
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
- Walk-in
COMMODITÉS DU SITE
- Accès 24 heures
- Installations de lessive
- Espace de pique-nique
- Gestionnaire d'immeuble sur place
- Grill
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 2+1 | 40 | - | 853 |
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Impôts fonciers
| Numéro de lot | 0225-0030-000 | Évaluation des bâtiments | 4 621 591 $ CAD |
| Évaluation du terrain | 319 485 $ CAD | Évaluation totale | 4 941 076 $ CAD |
Impôts fonciers
Numéro de lot
0225-0030-000
Évaluation du terrain
319 485 $ CAD
Évaluation des bâtiments
4 621 591 $ CAD
Évaluation totale
4 941 076 $ CAD
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The French Quarter Residence | 2550 S Bypass 35
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