947 Barkley St - Multi-Family FOR SALE


Gilchrist, TX 77617
$4,200,000 USD
832-496-2614
947 Barkley St, Gilchrist, TX for Sale
$4,200,000 USD
Multi-Family - FOR SALE
1/24
null | Request Cap Rate

947 Barkley St
Gilchrist, TX 77617


HIGHLIGHTS

  • Beach Front
  • Short Term and Long Term Rental
  • RV Hookups, Pool, and Recreational areas

OVERVIEW

Aria Palms: A Unique Beachfront Boutique Hotel or Airbnb Opportunity Aria Palms offers a rare chance to own a boutique hotel or Airbnb along the stunning beachfront of Texas’ Bolivar Peninsula, merging high demand leisure tourism with considerable value-add potential. Key Details: Property Size: 30 keys (20 Ocean View Suites and 10 Regular Suites), Year Built: 2016 & Year Renovated: 2025, Lot Size:2.15 acres with direct Gulf access Market Potential: This property targets Houston’s 7.3 million metro population and attracts 8 million annual visitors to Galveston. With a proven 10-yearproforma indicating a 32% unlevered IRR and an exit value exceeding $15 million, the asset capitalizes on seasonal pricing premiums, cruise traffic, and the potential for attic conversion. Additionally, it features six RV spaces and covered parking for added convenience.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

30

PRICE/UNIT

$140,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aria Palms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,785 SF

ZONING

-

APN/PARCEL ID

2118-0000-0005-001

ASK ABOUT THIS PROPERTY

Charlie KriegelWinhill Advisors - KirbyMore Info
832-496-2614

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Charlie KriegelWinhill Advisors - KirbyMore Info
832-496-2614

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