Description
Income-producing 4-unit property in prime Galveston with $112,396 documented 2-year gross rental income. Large 1900 storm survivor converted into 2 studio apartments, a 1 large bedroom apartment, and a 2 bedroom apartment. High ceilings, original wooden floors, and a double gallery across the front. Each unit is fully furnished with STR history, adaptable to long-term rental strategy, and perfect for investors, 1031 buyers, or portfolio expansion. Walking distance to the beach, and within one mile to UTMB and The Strand HIstoric District. Income/expense reports available for this turnkey revenue opportunity! Heating and cooling by individual window units and space heaters. Ask to take a look at this grand old lady of a building. As it is an operating business, not all units may be available to see at any one time, and appointments must be confirmed.
Details
| MLS # | 60045253 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 181 |
| Listing Provided By | Coldwell Banker TGRE | Robert Zahn |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| Story(s) | 2 |
| Units | 4 |
| Acreage | 3855.00 |
Exterior
| Lot Features | Subdivision |
|---|
Area Information
| State | TX |
|---|---|
| County | Galveston |
| City | Galveston |
| Zip Code | 77550 |
| Area | 33 |
| Subarea | East End |
| Community Name | Galveston Outlots |
| Listing VS Median (in Galveston Outlots) | |
Price: $599,000 low | high Med: $310,000 On site: 181 low | high Med: 31 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Galveston |
| City | Galveston |
| Zip Code | 77550 |
| Area | 33 |
| Subarea | East End |
| Community Name | Galveston Outlots |
| Listing VS Median (in Galveston Outlots) | |
Price: $599,000 low | high Med: $310,000 On site: 181 low | high Med: 31 | |
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Land & Ranch 210.483.7500 | Bandera 830.850.6700 | Global Luxury 210.483.5700 | Coldwell Banker Commercial Alamo City 210.483.6250
North Central San Antonio / Stone Oak 210.483.7070 | Harper Property Management 210.483.7040 | Relocation Services 210.483.7121
North West San Antonio 210.483.0000 | Laredo 956.722.4822 | Coldwell Banker Commercial International Gateway 956.937.2867
