808 Sealy ave - Apartments FOR SALE


Galveston, TX 77550- East End Historic District
$1,320,000 USD
817-714-7769
808 Sealy ave, Galveston, TX for Sale
$1,320,000 USD
Apartments - FOR SALE
1/24
null | 6.72% Cap Rate


HIGHLIGHTS

  • New Construction
  • Elevated Structure
  • Low Maintenance Common Area
  • Walk Score 78
  • Washer/Dryer

OVERVIEW

Newly constructed 8 unit multi-family property in Galveston’s East End Historic District located just ½ mile from the beach and the famous Seawall Blvd. Each +/-500 SqFt unit is complete with all major stainless steel appliances including washer/dryer, recessed lighting, closet space and LVP flooring. Exceptional build quality including fire-rated drywall, thermal & sound insulation, fire sprinklered. Elevated structure for flood protection with ample covered parking on ground floor. Low maintenance common areas with stairwell accessed units, zero scaping and city waste collection to reduce insurance & operating expenses. Above market average rents at $1,500/month per unit with pass through expenses, annual and seasonal increases. Pets allowed with deposit. First occupants leased in Sept. 2025. Financials based on proforma analysis.

FOR SALE DETAILS

PRICE

$1,320,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

8

PRICE/UNIT

$165,000

CAP RATE

6.72%

% LEASED

62%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sealy Paradise Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,368 SF

ZONING

1F4

APN/PARCEL ID

3505-0248-0009-000

ASK ABOUT THIS PROPERTY

Michael KarolCompassMore Info
817-714-7769

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Michael KarolCompassMore Info
817-714-7769

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