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4725 Avenue R 1/2 4 Unit Apartment Building $486,951 CAD ($121,738 CAD/Unit) 6.50% Cap Rate Galveston, TX 77551
Investment Highlights
- Located minutes away from the beach
- Quadplex
Executive Summary
This very well maintained apartment building located in Galveston, Texas is just walking distance from the beach. it houses 4 tastefully designed unites. It is close to every thing the Island has to offer but far enough off the major roads to be nice and quiet. The main house has three units and one unit over the garage. it has three, one bedroom units with a bath, kitchen and den. One, two bed room unit with a large kitchen and dining area.. It is fully occupied. Nice back balcony. 100% occupied. Great investment opportunity.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$53,426
|
$20.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$53,426
|
$20.90
|
| Taxes |
$6,956
|
$2.72
|
| Operating Expenses |
$4,452
|
$1.74
|
| Total Expenses |
$11,409
|
$4.46
|
| Net Operating Income |
$42,017
|
$16.44
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $53,426 |
| Annual Per SF | $20.90 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $53,426 |
| Annual Per SF | $20.90 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,956 |
| Annual Per SF | $2.72 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,452 |
| Annual Per SF | $1.74 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $11,409 |
| Annual Per SF | $4.46 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $42,017 |
| Annual Per SF | $16.44 |
Property Facts
| Price | $486,951 CAD | Building Class | C |
| Price Per Unit | $121,738 CAD | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 2,556 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 1.56/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | GR | ||
| Price | $486,951 CAD |
| Price Per Unit | $121,738 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,556 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | GR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,113 CAD | 2,550 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 3888-0000-0010-000 | Total Assessment | $442,969 CAD (2025) |
| Land Assessment | $116,775 CAD (2025) | Annual Taxes | $6,956 CAD ($2.72 CAD/SF) |
| Improvements Assessment | $326,193 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
3888-0000-0010-000
Land Assessment
$116,775 CAD (2025)
Improvements Assessment
$326,193 CAD (2025)
Total Assessment
$442,969 CAD (2025)
Annual Taxes
$6,956 CAD ($2.72 CAD/SF)
Tax Year
2024
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4725 Avenue R 1/2
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