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Ocean Front Lofts 805 Avenue K 8 Unit Apartment Building $1,797,250 CAD ($224,656 CAD/Unit) 9.12% Cap Rate Galveston, TX 77550
INVESTMENT HIGHLIGHTS
- Ocean View
- New Construction
- Private Balcony
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) 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 - 2025) 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 | $1,797,250 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $224,656 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 9.12% | Building Size | 3,287 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment |
| Price | $1,797,250 CAD |
| Price Per Unit | $224,656 CAD |
| Sale Type | Investment |
| Cap Rate | 9.12% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 3,287 SF |
| No. Stories | 3 |
| Year Built | 2025 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Washer/Dryer
- Refrigerator
- Oven
- Tub/Shower
- Views
- Freezer
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $2,176 CAD | 325 - 327 |
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (73)
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Presented by
Tohme Capital LLC
Ocean Front Lofts | 805 Avenue K
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