$1,575,000
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2 Beds
1 Bath
5,820 SqFt
SOLD DATE : 12/10/2021
Key Details
Property Type Multi-Family
Sub Type 5 Plus
Listing Status Sold
Purchase Type For Sale
Square Footage 5,820 sqft
Price per Sqft $244
Subdivision Galveston Outlots
MLS Listing ID 91909519
Sold Date 12/10/21
Bedrooms 2
Full Baths 1
Year Built 1971
Annual Tax Amount $6,594
Tax Year 2020
Lot Size 7,730 Sqft
Property Description
Investment Opportunity on Galveston Island near the tourist destination "25th Street Pleasure Pier" and the Seawall. Eight units that are each two bedrooms with one full bath. Each unit is approximately 728 square feet and have spacious kitchen and living areas. The property historically has been an apartment complex, but has been vacant and extensively renovated over the past year and a half. The new owner may want to vacation rental each unit, convert to condominiums or keep as apartments (Buyer to confirm city permitting). Most of the units were taken down to partial sheetrock. The renovations are very extensive and some of the big items are new roof, new Hardi siding, 8 new AC units, upgraded electrical, flooring, appliances, kitchen remodels, moen faucets, high efficiency Jacuzzu toilets, Trex decking on upper balcony and landscaping. This is a rare opportunity to own an income producing property near the seawall and Pleasure Pier.
Location
State TX
County Galveston
Area East End
Interior
Heating Central Electric
Cooling Central Electric
Flooring Tile, Vinyl Plank
Exterior
Utilities Available Electric, Water
Roof Type Composition
Parking Type Paved Area
Building
Story 2
Structure Type Cement Board
New Construction No
Schools
Elementary Schools Gisd Open Enroll
Middle Schools Gisd Open Enroll
High Schools Ball High School
School District 22 - Galveston
Others
Restrictions Zoning
Tax ID 3510-0091-2001-000
Energy Description Ceiling Fans
Acceptable Financing Cash Sale, Conventional
Tax Rate 2.262
Disclosures Reports Available, Sellers Disclosure, Special Addendum
Listing Terms Cash Sale, Conventional
Financing Cash Sale,Conventional
Special Listing Condition Reports Available, Sellers Disclosure, Special Addendum
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