Homes for sale - 5015 Avenue M, Galveston, TX 77551

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LJ McGowan

lj.mcgowan@engelvoelkers.com +1(832) 287-3042

$ 391,990

Est. payment -/mo

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Active

5015 Avenue M Galveston, TX 77551

4 Beds

2 Baths

2,859 SqFt

UPDATED:

09/29/2024 09:00 AM

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

Year Built 1953

Annual Tax Amount $8,840

Tax Year 2023

Lot Size 5,996 Sqft

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!! Repair/upgrade list available upon request (also in attachments for agents)

Location

State TX

County Galveston

Area Midtown - Galveston

Interior

Heating Central Electric, Window Unit

Cooling Central Gas, Window Units

Exterior

Roof Type Composition

Building

Story 1

New Construction No

Schools

Elementary Schools Gisd Open Enroll

Middle Schools Gisd Open Enroll

High Schools Ball High School

School District 22 - Galveston

Others

Senior Community No

Restrictions None

Tax ID 2965-0042-0006-000

Tax Rate 1.7477

Disclosures Sellers Disclosure

Special Listing Condition Sellers Disclosure

Houston Association of Realtors (HAR MLS)

Listed by Fairdale Realty

LJ McGowan

Advisor | License ID: 716427

+1(832) 287-3042

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