Partners is pleased to present a rare opportunity to own a 16-unit multifamily property in Galveston abutting the prestigious University of Texas Medical Branch (UTMB). The building shares a property line with a UTMB parking garage, is 1 block from main campus, across the street from Shriner’s Hospitals for Children/Sealy Hospitals, and a stone’s throw from the Port of Galveston Cruise Terminal. The 1971 build was partially renovated in 2022 under its current owner, in which 11 of the 16 units underwent a long list of cosmetic renovations, in addition to some new central air systems and water heaters. There remains a large upside in lease-up of vacant units, renovation of the last 5 untouched units, renting more of the reserved parking spaces, utilizing a RUBS or utility reimbursement program for water & trash, re-utilizing the laundry room, and adding W/D connections to all units. The proximity to campus and other major jobs centers provides a remarkable advantage to this property for nearly indefinite future housing needs for both students and staff.