601 E Coombs St, Alvin, TX 77511

The Bayou Drive Apartments is a 20-unit multifamily asset located in Alvin, TX, approximately 30 miles south of downtown Houston. The property sits on +/- .72 acres and was built in 1976, with extensive renovation completed in 2019. Each unit is a 2 bed 1 bath that is approximately 850 SF. Alvin has a strong rental demand as it is a hub to gulf coast commerce such as Galveston, the Port of Houston, and many oil/chemical companies.

The owner has executed a comprehensive capital improvement program that included a new roof, exterior work, fence replacement, and parking lot resurfacing in addition to complete renovations of all 20 units. This asset is in strong physical condition with no major capital needs on the horizon, making it a seamless addition to any investor's portfolio.

The path to improved performance is clear and does not require large, additional capital investment, making this an attractive point for a first-time investor or an experienced operator looking to grow their portfolio. Alvin's strong rental demand, driven by its proximity to Gulf Coast commerce, major employment corridors, and the broader Houston metro, ensures a stable tenant base for years to come. Whether the goal is immediate cash flow or long-term appreciation, the Bayou Drive Apartments offers a well-maintained foundation with a clear path to meaningful upside.