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525 11th St Unité de condo • Flex • 33 pi² • À vendre 3 197 621 $ CAD • Galveston, TX 77550
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Faits saillants de l'investissement
- 100% occupied 10-unit townhome community with established rental history and immediate cash flow
- Value-add opportunity with 5 renovated units and 5 remaining units offering future upside potential
- Gated property featuring private entries, landscaped common areas, and added resident security
- Prime location just blocks from UTMB, driving consistent demand from medical professionals, students, and staff
- 9 covered parking spaces, a sought-after amenity that enhances tenant appeal and retention
- Strong in-place income with approximately $138,662 NOI and a 6.03% cap rate in a proven rental corridor
Résumé de l'annonce
Exceptional value-add investment opportunity in Galveston's highly sought-after East End. Located just blocks from UTMB and minutes from downtown Galveston, this gated 10-unit townhome community offers immediate cash flow with 100% occupancy and strong rental demand. The property consists of ten 2-bedroom, 1.5-bath townhome-style units featuring private entries, spacious living areas, functional floor plans, and outdoor patio spaces. Recent improvements include renovated units with upgraded kitchens, granite or quartz countertops, updated cabinetry, stainless steel appliances, modern flooring, and refreshed bathrooms. Residents benefit from desirable amenities including covered parking, on-site laundry facilities, landscaped common areas, and controlled access. Situated on a 10,193 SF corner lot with approximately 9,600 SF of improvements, the property presents significant upside potential through continued unit renovations and rental growth. Its premier location near UTMB, Shriners Children's Hospital, the Seawall, and major employment centers supports consistent occupancy and long-term appreciation. Ideal for investors seeking stable income, future value creation, and a well-positioned asset in one of Galveston's strongest rental corridors. This turnkey multifamily investment combines location, cash flow, and upside potential in a market with enduring demand.
1 Unité disponible
- Unité
- Taille de l’unité
- Utilisation du condo
- Prix
- Revenu net d’exploitation
| Type de vente | Investissement | ID/Numéro de lot | 350504310008000 |
| Nbre d’espaces de stationnement | 9 |
| Type de vente | Investissement |
| Nbre d’espaces de stationnement | 9 |
| ID/Numéro de lot | 350504310008000 |
Description
This fully occupied, gated 10-unit townhome community offers immediate cash flow and significant upside potential. Recent improvements include six HVAC replacements, a new water heater, and renovations to five units. The remaining units provide a clear path to increased revenue through continued upgrades and the addition of in-unit laundry. Located in Galveston's East End rental
corridor just minutes from UTMB, the property benefits from strong tenant demand, stable occupancy, and a compelling value-add opportunity.
corridor just minutes from UTMB, the property benefits from strong tenant demand, stable occupancy, and a compelling value-add opportunity.
Notes sur la vente
- Projected Monthly Income: $18,000
- Projected Gross Annual Income: $216,000
- Projected NOI: Approximately $172,562
Projected Value at a 6% Cap Rate: Approximately $2,876,000
| Unité | Taille de l’unité | Utilisation du condo | Prix | Revenu net d’exploitation |
| Unité 10 | 33 pi² | Flex | 3 197 621 $ CAD (96 897,61 $ CAD/pi²) | - |
Unité 10
| Taille de l’unité |
| 33 pi² |
| Utilisation du condo |
| Flex |
| Prix |
| 3 197 621 $ CAD (96 897,61 $ CAD/pi²) |
| Revenu net d’exploitation |
| - |
1 de 10
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Unité 10
| Taille de l’unité | 33 pi² |
| Utilisation du condo | Flex |
| Prix | 3 197 621 $ CAD (96 897,61 $ CAD/pi²) |
| Revenu net d’exploitation | - |
| Type de vente | Investissement |
| Nbre d’espaces de stationnement | 9 |
| ID/Numéro de lot | 350504310008000 |
| Description | |
| This fully occupied, gated 10-unit townhome community offers immediate cash flow and significant upside potential. Recent improvements include six HVAC replacements, a new water heater, and renovations to five units. The remaining units provide a clear path to increased revenue through continued upgrades and the addition of in-unit laundry. Located in Galveston's East End rental<br> corridor just minutes from UTMB, the property benefits from strong tenant demand, stable occupancy, and a compelling value-add opportunity.</li></ul> | |
| Notes sur la vente | |
| <ul style="list-style: disc; padding: 0px 0px 0px 40px"><li> Projected Monthly Income: $18,000<br> </li><li> Projected Gross Annual Income: $216,000<br> </li><li> Projected NOI: Approximately $172,562<br> Projected Value at a 6% Cap Rate: Approximately $2,876,000</li></ul> |
Faits sur la propriété
Les informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté ci-dessus.
| Taille totale du bâtiment | 9 600 pi² | Superficie de plancher typique | 4 800 pi² |
| Type de propriété | Année de construction | 1969 | |
| Planchers | 2 | Ratio de stationnement | 0,94/1 000 pi² |
| Taille totale du bâtiment | 9 600 pi² |
| Type de propriété | |
| Planchers | 2 |
| Superficie de plancher typique | 4 800 pi² |
| Année de construction | 1969 |
| Ratio de stationnement | 0,94/1 000 pi² |
Commodités
Commodités du site
- Installations de lessive
- Clôturé
- Baux individuels disponibles
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1.5 | 10 | - | - |
1 1
Moyennement accessible à pied
70/100
Relativement adapté aux voitures
50/100
Moyennement accessible en vélo
70/100
1 de 12
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
Entreprise non fournie
525 11th St
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