1623 Avenue N 1/2 - Apartments FOR SALE


Galveston, TX 77550
$700,000 USD
281-508-0800
1623 Avenue N 1/2, Galveston, TX for Sale
$700,000 USD
Apartments - FOR SALE
1/29
null | 5.9% Cap Rate

1623 Avenue N 1/2
Galveston, TX 77550


HIGHLIGHTS

  • Exceptional Investment Opportunity – Just Blocks from the Beach!
  • Incredible 4-plex, a well-maintained and low-maintenance property with excellent cash flow potential in a prime beachside location.
  • Spacious 2 bed/1.5 bath upstairs unit (Vacant), a cozy 1 bed/1 bath garage apartment, and two efficiency (studio) units downstairs
  • Diverse rental mix to maximize your income and in good overall condition.
  • Recent upgrades include a new roof (2020), all siding replaced with Hardie plank, along with many interior unit upgrades.
  • This is a rare opportunity to invest in a highly desirable area, just a short stroll from the beach!

OVERVIEW

Exceptional Investment Opportunity – Just Blocks from the Beach! Discover this incredible 4-plex, a well-maintained and low-maintenance property with excellent cash flow potential in a prime beachside location. The property features a spacious 2 bed/1.5 bath upstairs unit (Vacant), a cozy 1 bed/1 bath garage apartment, and two efficiency (studio) units downstairs, offering a diverse rental mix to maximize your income. Recent upgrades include a new roof (2020), all siding replaced with Hardie plank, along with many interior unit upgrades. The vacant unit is ready for immediate showings by appointment, while the tenant-occupied units will be shown upon an accepted offer. This is a rare opportunity to invest in a highly desirable area, just a short stroll from the beach!

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

4

PRICE/UNIT

$175,000

CAP RATE

5.9%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1623 Avenue N 1/2, Galveston TX 4-Units Multi

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,160 SF

ZONING

Residential

APN/PARCEL ID

1623 Avenue North 1/2, Galveston, TX 775

ASK ABOUT THIS PROPERTY

Tim LarsonKW CommercialMore Info
281-508-0800

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Tim LarsonKW CommercialMore Info
281-508-0800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.