3705 Winnie, Galveston, TX 77550
- $750,000
- 7
- BA
- 5,588
- SqFt
- List Price
- $750,000
- Status
- ACTIVE
- MLS#
- 54271658
- Price Change
- ▼ $150,000 1771014784
- Days on Market
- 186
- Year Built
- 1950
- Bathrooms
- 7
- Full-baths
- 7
- Living Area
- 5,588
- Lot Size
- 15,479
- Lot Size Source
- Other
- Subdivision
- Galveston Townsite
- Region
- 33
- Market Area
- Downtown - Galveston/The Strand
- County
- Galveston
Property Description
Offered below recent appraisal, this well-located 9-unit multifamily property presents an exceptional investment opportunity on Galveston Island. The property is 100% occupied and offers immediate upside through rent escalations and optimization. Unit mix includes seven individual, free-standing 2-bedroom/1-bath structures plus one elevated duplex. All 7 units are situated on one parcel, and the duplex is located on the adjoining parcel. Providing strong income potential and long-term stability, this complex is ideally positioned on the north side of the Island, just 2 blocks from the major thoroughfare of Broadway Avenue, and 3 blocks from Harborside Drive. The Port of Galveston and the Texas A&M - Galveston campus are also conveniently nearby. Ample off-street parking is a rare Island amenity that further enhances tenant appeal. Pro-forma cap rate reflects management and vacancy/loss assumptions. Estate sale and court approval required. Proof of funds required before initial showing.
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Additional Information
- Taxes
- $10,724
- Neighborhood
- Downtown - Galveston/The Strand
- Heating
- Other
- Cooling
- Other
- Stories
- 1
- Roof
- Composition
- School District
- Galveston
- Elementary School
- Gisd Open Enroll
- Middle School
- Gisd Open Enroll
- High School
- Ball High School
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Listing courtesy of Joe Tramonte Realty, Inc..