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FRENCH QUARTER RESIDENCES


2550 Loop 35, Alvin, TX, 77511

FOR SALE

Property Type

Apartment

Total Units

40

Net Rentable Sq Ft

34,120

Price

$

All Property Showings Are By Appointment

About

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.

Details

Property Type: Apartment

Class: C++

Year Built: 1965

Units: 40

Rentable Sq. Ft. : 34,120

Acres: 1.61

Supporting Documents

BROKER-DISCLOSURE-FORM-TREC-2-10-25-KET.pdf
FrenchQuarterResidences.pdf

Private Documents

French-Quarter-OS-8-25-trailing.pdf
French-Quarter-RR-10-9-25.pdf

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Contact The Agent

Contact Info

Name

Tom Wilkinson

Phone

713.355.4646 ext 102

Email

twilk4@ketent.com

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