Log In/Sign Up
Your email has been sent.
1322 Avenue L - Gulf Breeze Apartments 7 Unit Apartment Building Offered at $1,506,198 CAD at a 9.13% Cap Rate Galveston, TX 77550
EXECUTIVE SUMMARY
Charming 7-Unit Apartment Building in Prime Galveston Location
Nestled on a quiet residential street, this 7-unit apartment building presents a rare opportunity in one of Galveston’s most desirable areas. Each unit features a thoughtfully designed layout, with several offering private porches or decks that blend coastal charm with modern comfort.
Residents enjoy off-street, assigned parking in the rear, a highly sought-after amenity that adds convenience and value in this central location.
The building’s mix of floor plans appeals to a diverse range of tenants—from students and medical professionals to those seeking a serene island retreat. With UTMB, the beach, and downtown Galveston all within walking distance, this property delivers the ideal combination of accessibility, rental stability, and long-term investment potential.
Nestled on a quiet residential street, this 7-unit apartment building presents a rare opportunity in one of Galveston’s most desirable areas. Each unit features a thoughtfully designed layout, with several offering private porches or decks that blend coastal charm with modern comfort.
Residents enjoy off-street, assigned parking in the rear, a highly sought-after amenity that adds convenience and value in this central location.
The building’s mix of floor plans appeals to a diverse range of tenants—from students and medical professionals to those seeking a serene island retreat. With UTMB, the beach, and downtown Galveston all within walking distance, this property delivers the ideal combination of accessibility, rental stability, and long-term investment potential.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,506,198 CAD | Property Type | Multifamily |
| Price Per Unit | $215,171 CAD | Building Size | 3,780 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 9.13% | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1955/2024 |
| Price | $1,506,198 CAD |
| Price Per Unit | $215,171 CAD |
| Sale Type | Investment |
| Cap Rate | 9.13% |
| No. Units | 7 |
| Property Type | Multifamily |
| Building Size | 3,780 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2024 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Refrigerator
- Range
- Porch
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (74)
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Tohme Capital LLC
1322 Avenue L - Gulf Breeze Apartments
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.