1623 Avenue N 1/2 - Apartments FOR SALE


Galveston, TX 77550- San Jacinto
$599,000 USD
281-508-0800
1623 Avenue N 1/2, Galveston, TX for Sale
$599,000 USD
Apartments - FOR SALE
1/23
null | 6.01% Cap Rate

1623 Avenue N 1/2
Galveston, TX 77550
San Jacinto


HIGHLIGHTS

  • Well-maintained and updated 4-Plex just a short distance from the beach and local attractions.
  • The unit mix consists of a spacious 2BR/1.5BA, (2)1BR/1BA, & (2) Efficiency Units, offering a diverse rental mix to maximize income.
  • Recent improvements include a new roof (2020), all siding replaced with Hardie plank, along with many interior unit upgrades. Spacious yard.
  • Short distance from The Strand, University of Texas Medical Branch (UTMB), Port of Galveston Cruise Terminal, & Galveston East End beaches.
  • Much of Galveston's economy is centered in the tourism, restaurants, health care, shipping, and financial industries.
  • The 84-acre UTMB campus with an enrollment of more than 2,500 students is a major economic force of the city, blending medical, history, & beauty.

OVERVIEW

PROPERTY OVERVIEW Well-maintained and updated 4-Plex just a short distance from the beach and local attractions. The residences feature a cozy layout with inviting living spaces in each unit, ideal for both relaxation and entertaining. The property boasts many unique architectural details and characteristics found in Galveston's historic homes, along with modern amenities for comfort. The unit mix consists of a spacious 2BR/1.5BA, (2)1BR/1BA, & (2) Efficiency Units, offering a diverse rental mix to maximize income. Recent improvements include a new roof (2020), all siding replaced with Hardie plank, along with many interior unit upgrades. Outdoor space includes a lovely yard, perfect for enjoying the coastal breeze. Its proximity to shopping, dining, and recreational activities makes it an attractive option for both residents and visitors looking to experience the island lifestyle. This is a great opportunity for both an Owner Occupant and/or Investment Property looking to generate rental income in a highly desirable beach area. LOCATION Galveston is a coastal resort city and port off the Southeast Texas coast on Galveston Island. Primary beach for Houston, TX. Short distance from The Strand, University of Texas Medical Branch (UTMB), Port of Galveston Cruise Terminal, & Galveston East End beaches. Local attractions include The Seawall, The Strand, Moody Gardens & Schlitterbahn Waterpark, and Pleasure Pier. Much of Galveston's economy is centered in the tourism, restaurants, health care, shipping, and financial industries. The 84-acre University of Texas Medical Branch campus with an enrollment of more than 2,500 students is a major economic force of the city. Galveston, Texas, offers a blend of history, culture, and natural beauty, making it a popular destination for locals and visitors alike.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

4

PRICE/UNIT

$149,750

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1623 Avenue N 1/2, Galveston: (4)MF-UNITS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,160 SF

ZONING

Residential

APN/PARCEL ID

3510-0046-2002-001

ASK ABOUT THIS PROPERTY

Tim LarsonKeller Williams Realty, Inc.More Info
281-508-0800

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Tim LarsonKeller Williams Realty, Inc.More Info
281-508-0800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.