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$ 391,990
Est. payment /mo
Active
5015 Avenue M Galveston, TX 77551
4 Beds
2 Baths
2,859 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,859 sqft
Price per Sqft $137
Subdivision Denver Resurvey
MLS Listing ID 67377815
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1953
Annual Tax Amount $8,840
Tax Year 2023
Property Sub-Type Triplex
Property Description
**BRAND NEW ROOFS JUST INSTALLED ON ALL THREE UNITS!!** Welcome to 5015 Avenue M, a strategically located triplex offering an exceptional opportunity for investors seeking steady rental income in the heart of Galveston, TX. Unit one (the front main house) consists of four bedrooms and two bathrooms, central AC, storm shutters, and vinyl flooring. Units two and three in the back of the property include two bedrooms and one bathroom each, recently renovated with updated kitchens and bathrooms with vinyl flooring. Consistently high occupancy rates with long-term tenants. Rental income of $4676 total per month, with potential for rent increases in line with market trends. Whether you're a seasoned investor looking to expand your portfolio or a newcomer to real estate investment, this triplex represents a rare opportunity to acquire a turnkey property with immediate income potential!!
Location
State TX
County Galveston
Area 33
Interior
Heating Central, Electric, Window Unit
Cooling Central Air, Gas, Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Building
Entry Level One
Level or Stories One
New Construction No
Schools
Elementary Schools Gisd Open Enroll
Middle Schools Gisd Open Enroll
High Schools Ball High School
School District 22 - Galveston
Others
Tax ID 2965-0042-0006-000
Listed by Jason Mitchell Real Estate LLC Lauren Peak