For Sale

$600,000

HIGHLIGHTS:
  • Pending
  • $7,483/month
  • 20 DOM
  • 2 Stories
  • 0 Beds
  • 4,872 SqFT
Description

Offered below recent appraisal, this well-located 6-unit multifamily property presents an exceptional investment opportunity in Midtown Galveston. The property is 100% occupied with month-to-month leases, currently below market, offering immediate upside through rent optimization. Unit mix includes four 3-bedroom/1-bath units and two 2-bedroom/1-bath units, providing strong income potential and long-term stability. Ideally positioned on two major Island thoroughfares—Bernardo de Galvez & 33rd St, the property is centrally located just minutes from Seawall, Strand, UTMB, dining, shopping, & entertainment. Recent capital improvements include a roof replacement within the last three years and updated HVAC systems and components over the past several years. Ample off-street parking, 1 space per resident, further enhances tenant appeal. Pro-forma cap rate reflects management and vacancy/loss assumptions. Estate sale, court approval required. Proof of funds required prior to initial showin

Overview
  • MLS Number: 95920839
  • Type: Multi-Family
  • Bedrooms: N/A
  • Bathrooms: N/A
  • Garages: N/A
  • Size: 4,872 SqF
  • Land Size: 5,520 sqft
  • Year Built: 1970
Financial
Price:
$600,000
Price/SqFT:
$123.15
HOA Fee:
Tax Rate:
1.71899 %
Est. Monthly:
$7,483 *
Tax Amount:
$10,314
Amenities and features
Property & Schools on Map
Floor plans / Dimensions / Descriptions
  • Heating:
    Central Electric
    Cooling:
    Central Electric
  • Roof:
    Metal

Listed By:
Hudson Holmes

Joe Tramonte Realty, Inc.

The data on this website relating to real estate for sale comes in part from the IDX Program of the Houston Association of REALTORS®. All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.

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