Investment Overview

Marcus & Millichap is pleased to present 1004 South Hill Street, a 28-unit multifamily community located in Alvin, Texas — a growing Houston suburb benefiting from strong rental demand and consistent population growth. The property consists entirely of spacious two-bedroom, one-bathroom units, with approximately 70% of the interiors recently upgraded to modern standards. Built to deliver long-term stability, the complex has been well maintained, with significant capital improvements including new roofs completed in 2023. Currently 100% occupied, the asset offers immediate cash flow with additional upside through value-add strategies such as implementing a RUBS program and converting the on-site manager’s unit into a revenue-generating apartment. Rents have been intentionally held below market levels during the renovation period, leaving room for future rental growth. Located in a stable submarket with access to major Gulf Coast employers and Houston’s metro economy, 1004 South Hill Street presents a rare opportunity to acquire a well-maintained, cash-flowing asset with proven upside — ideal for investors seeking stable returns with long-term appreciation potential.