713-595-9580
2311 71st St
Galveston, TX 77551
Offatts Bayou
HIGHLIGHTS
- 36-unit multifamily investment is 94% occ. at below-market rents, offering stable income and upside through targeted value-add improvements.
- Flexible unit mix includes studios to three bedrooms, all featuring full kitchens, spacious layouts, and large bedroom closets.
- Residents enjoy access to a landscaped courtyard, an outdoor pool, and 40 on-site parking spaces, adding value and tenant appeal.
- Located minutes from Interstate 45, the property offers easy access to major employers, retail amenities, beaches, and top Galveston attractions.
- Local submarket conditions support long-term growth, with limited new supply, 2% rent growth, and a 13.5% population increase since 2020.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Value-Add Apts near I-45 and Moody Gardens
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1971
PARKING SPACES
40
LAND DETAILS
LAND ACRES
0.98 AC
LAND SF
42,689 SF
ZONING
GR
APN/PARCEL ID
4305-0000-0028-001
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713-595-9580
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713-595-9580
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