Income-producing 4-unit property in prime Galveston with $112,396 documented 2-year gross rental income. Large 1900 storm survivor converted into 2 studio apartments, a 1 large bedroom apartment, and a 2 bedroom apartment. High ceilings, original wooden floors, and a double gallery across the front. Each unit is fully furnished with STR history, adaptable to long-term rental strategy, and perfect for investors, 1031 buyers, or portfolio expansion. Walking distance to the beach, and within one mile to UTMB and The Strand HIstoric District. Income/expense reports available for this turnkey revenue opportunity! Heating and cooling by individual window units and space heaters. Ask to take a look at this grand old lady of a building. As it is an operating business, not all units may be available to see at any one time, and appointments must be confirmed.
Listing courtesy of Coldwell Banker TGRE.
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