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3833 Mustang Rd
Alvin, TX 77511

Willow Creek · Multifamily Property For Sale · 128 Units

PROPERTY FACTS

No. Units 128
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 5.93 AC
Building Size 103,328 SF
Average Occupancy 68%
No. Stories 2
Year Built/Renovated 1979/2020
Parking Ratio 1.59/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Fireplace
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Refrigerator
  • Walk-In Closets
  • Carpet
  • Patio

Site Amenities

  • Clubhouse
  • Laundry Facilities
  • Playground
  • Tennis Court

About 3833 Mustang Rd , Alvin, TX 77511

Willow Creek Manor is a two story, 128 unit, garden-style, apartment community, located in Alvin, TX, in Brazoria County just south of Houston. The asset appears to be in very good condition with 5 year old roofs and boilers installed in 2006, along with full exterior paint of the stucco, siding and Hardie exterior. Residents enjoy spacious 1, 2 and 3 bedroom floor-plans. The area is growing with new retail, dining and employment coming up everywhere. Willow Creek Manor offers an investor the opportunity to add value through property management and oversight. Per owner, the exterior has been painted and he has upgraded the interiors with updates that include vinyl plank flooring, new cabinet pulls and backsplashes. An $80,000 office remodel has been completed and 35 year dimensional shingle roofs were installed 5 years ago. The Broker feels that additional interior upgrades could further enhance the collections! Management reports that replacement of cabinet boxes and cabinet fronts has been done for only 4 units, but these result in a $110 rent increase!  Several of the tenants living at Willow Creek Manor are baseball players at the local junior college just down the street.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 32 - 588
2+1 28 - 850
2+2 60 - 850 - 916
3+2 8 - 1,016

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8238-0001-000
Land Assessment
$335,800
Improvements Assessment
$9,134,700
Total Assessment
$9,470,500
  • Listing ID: 12569008

  • Date on Market: 5/15/2018

  • Last Updated:

  • Address: 3833 Mustang Rd, Alvin, TX 77511

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