About This Property

Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset includes seven residential units, and four commercial storefronts with a strong history of long-term tenancy. The property producing income with a pro forma cap rate of about 10%. Even with conservative underwriting including vacancy and repair reserves, the asset performs near a 9% cap rate, making it attractive to both cash-flow investors and leveraged buyers. Multiple income streams provide strong stability, while value-add potential exists through rent optimization & continued property improvements. Several commercial tenants have been in place since 2010, reflecting strong location fundamentals and tenant retention. Rare opportunity to acquire a high-performing coastal Texas mixed-use asset with immediate income and long-term upside.

Key Features

• 0.138 Acres Lot
• Built in 1970

Property Details

• Type: Single Family Home
• Year Built: 1970
• Lot Size: 0.138 sq ft
• Sq Ft: 11,520
• Price / Sq Ft: $87
• HOA: Contact Agent
• Bedrooms: 5
• Bathrooms: 5
• Feature: 0.138 Acres Lot
• Feature: Built in 1970
• Status: Active
• MLS Number: c87ff0cc4c412feb35b40db4d79a2307
• Days on Market: 121
• Listed By: Urban Access Properties · Sharlene Abghary
• Zip Code: 77550