$649,000
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5 Baths
3,840 SqFt
SOLD DATE : 08/24/2023
Key Details
Property Type Multi-Family
Sub Type 5 Plus
Listing Status Sold
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $130
Subdivision Galveston Townsite
MLS Listing ID 20876245
Sold Date 08/24/23
Full Baths 5
Year Built 1960
Annual Tax Amount $5,808
Tax Year 2022
Lot Size 5,160 Sqft
Property Description
Eight unit apartment complex on Galveston Island. This stabilized asset, located just three blocks from the University of Texas Medical Branch, consistently maintains low vacancy. The property was completely remodeled in 2006 and 2007. Did not flood during Hurricane Ike or Hurricane Harvey. Flood insurance typically not required in this zone. Currently 92% occupied and rent is $6525 per month ($975 1 bed/1 bath; $875 studio). All units include stackable washer / dryer units. One bedroom floor plan is very spacious and contains original wood floors. All units sub-metered, and supplied with window units for heating and cooling. Very well maintained by self-managing owners. Please call for further information.
Location
State TX
County Galveston
Area East End
Interior
Heating Window Unit
Cooling Window Units
Flooring Vinyl, Wood
Exterior
Waterfront Description Beach View,Gulf View
Roof Type Composition
Building
Lot Description Water View
Story 2
Structure Type Cement Board
New Construction No
Schools
Elementary Schools Gisd Open Enroll
Middle Schools Gisd Open Enroll
High Schools Ball High School
School District 22 - Galveston
Others
Senior Community No
Restrictions Zoning
Tax ID 3505-0306-0010-000
Acceptable Financing Cash Sale, Investor
Tax Rate 2.0161
Disclosures No Disclosures
Listing Terms Cash Sale, Investor
Financing Cash Sale,Investor
Special Listing Condition No Disclosures
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Bought with JPAR-The Sears Group
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