$2,300,000 USD
409-502-6418
525 11th St
Galveston, TX 77550
East End Historic District
HIGHLIGHTS
- 100% occupied 10-unit townhome community with established rental history and immediate cash flow
- Prime location just blocks from UTMB, driving consistent demand from medical professionals, students, and staff
- Value-add opportunity with 5 renovated units and 5 remaining units offering future upside potential
- 9 covered parking spaces, a sought-after amenity that enhances tenant appeal and retention
- Gated property featuring private entries, landscaped common areas, and added resident security
- Strong in-place income with approximately $138,662 NOI and a 6.03% cap rate in a proven rental corridor
FOR SALE DETAILS
PRICE
$2,300,000 USD
PRICE/SF
$69,697 USD /SF
CAP RATE
6.03%
# OF UNITS
1
CONDO SIZE
-
% LEASED
100%
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Dormitory
TOTAL BUILDING SIZE
9,600 SF
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1969
SPRINKLERS
-
PARKING SPACES
9
LAND DETAILS
LAND ACRES
0.24 AC
LAND SF
10,422 SF
ZONING
-
APN/PARCEL ID
3505-0431-0008-000
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409-502-6418
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409-502-6418
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