801 Avenue K - Multi-Family FOR SALE


Galveston, TX 77550- San Jacinto
$1,300,000 USD
281-407-1886
801 Avenue K, Galveston, TX for Sale
$1,300,000 USD
Multi-Family - FOR SALE
1/13
null | 9.41% Cap Rate

801 Avenue K
Galveston, TX 77550
San Jacinto


HIGHLIGHTS

  • Ocean View
  • Private Balcony
  • New Construction

OVERVIEW

Discover a Rare Investment Opportunity in Galveston – Ocean Front Lofts Unlock the potential of this meticulously crafted 8-unit apartment building in Galveston, a city renowned for its historic charm, strong economic vitality, and unparalleled coastal allure. Located just 45 minutes from Houston, Galveston draws over 7 million tourists annually, ensuring a vibrant short- and long-term rental market. With the University of Texas Medical Branch (UTMB) and the bustling Port of Galveston as economic anchors, this property benefits from a consistent influx of professionals and students seeking high-quality housing. Luxury Meets Location Ocean Front Lofts combines contemporary luxury with exceptional proximity to Galveston's top attractions. Situated within walking distance of UTMB Hospital and the beach, these newly constructed units showcase: Breathtaking Ocean Views for a serene living experience. Private Balcony for each unit overlooking the Ocean High-End Interiors featuring porcelain flooring, quartz countertops, marble showers, and recessed lighting. Modern Amenities including stainless steel appliances and in-unit washer-dryers. Elegant Kitchens & Baths with chef-worthy layouts, spa-inspired rain showers, and marble finishes.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$395 USD /SF

# OF UNITS

8

PRICE/UNIT

$162,500

CAP RATE

9.41%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Front Lofts

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,935 SF

ZONING

-

APN/PARCEL ID

5228-0001-0002-000

ASK ABOUT THIS PROPERTY

John TohmeTohme Properties LLCMore Info
281-407-1886

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John TohmeTohme Properties LLCMore Info
281-407-1886

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