This simply the best location on the island for this size/type of property. Somebody is going to make an easy $500k on this property, I would but my wife said sell the property. Below market property in single best location for this type/size property on the island - $152sq. ft, cheaper than last 2 sales on the island for this type of property. 2 recent sales on the island of comparable size were at $206 and $219/sq. ft. both on smaller lots and not as good a location as this. Steps to beach and Texas-famous Pleasure Pier Amusement Park, walk to restaurants, and bars. Mardi Gras parade goes right by building, on bus route and trolley car route, walk to strand and cruise terminal(Galveston is 3rd largest cruise terminal in the country). Rents are below market based on local housing authority especially for this prime location. Quality old school construction. Many of windows replaced with hurricane windows, most units have wood floors, tile in kitchen and baths. 13 of units have front and back doors, 4 units have windows on all 4 sides. 3 buildings, 12 units in one, 9 units in 2nd building, 2 units plus garage, work shop, laundry facilities, 2 storage units in 3rd building. On 3 1/2 lots, 18,155 sq. ft. An unusually large number of windows for older building, 8 windows in 4 of the studios, 12 windows in 4 of the 1br units so units are very light inside. This really is a great location and great opportunity to own in a growing tourist area. Broker/owner. 5 of the studios could easily and cheaply be converted to a 1-br units for more rent just did 2 more. Could possibly convert garage and storage to another unit. Alley parking plus protected street parking. Two larger buildings are on raised foundation with crawl space, never flooded in the 21 years we have owned it. Large recently landscaped yard area. Large decks off the back of 2 large buildings for tenants to enjoy. Just had new 13 x 15 patio slab pored Large lot may leave room for expansion with city approval.