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2/3028 Avenue M

Galveston TX 77550

3
2
0.04 ac.
Multi-Family
Currently for sale - view listing

Overview

EASY TO SHOW FOURPLEX. FULLY RENOVATED 6 TO 8 YEARS AGO. NEW KITCHENS - GRANITE AND APPLIANCES. NEW BATHS. NEW A/C UNITS. TILE FLOORS LOCATED IN DESIRABLE EAST-END CLOSE TO UTMB, GALVESTON COLLEGE, TEXAS A & M, BEACHES, DOWNTOWN AND THE PORT OF GALVESTON EMPLOYERS. AMAZING UPSIDE: CONTAINS ONE-3 BEDROOM/2 BATH PLUS THREE-2 BEDROOM/2 BATH. FULLY LEASED. LEASES EITHER CONVENTIONAL OR SECTION 8. NEW HOUSING AUTHORITY SCHEDULE FOR MAX RENTS: 2-BEDROOM UNITS $1449 MAX RENTS AND 3-BEDROOM MAX IS $1923. OUTSTANDING MAXIMUM PROFORMA RENTAL AMOUNT PROJECTION IS $75,240/YEAR. THE ACTUAL CURRENT RENTS FOR 4 UNITS IS $4085. THIS WILL BE ONE OF THE GREATEST EARNING RENTAL PROPERTY IN THE MARKET WHEN FULL RENT PROJECTIONS ARE MET. THE MARKET IS EXTREMELY TIGHT FOR TWO AND THREE BEDROOM SECTION 8 OR CONVENTIONAL RENTALS. AN AGGRESSIVE RENTAL PROGRAM WILL GENERATE A HIGHER RETURN ON iNVESTMENT THAN OTHER SIMILAR AVAILABLE INVESTMENTS.

Features

3 bedrooms
2 bathrooms
0.04 ac. lot size
Multi-Family

Property history for 2/3028 Avenue M

2022
Rented
Undisclosed
09 Dec 2022 by Red & Company
2021
Rented
Undisclosed
15 Apr 2021 by Joe Tramonte Realty, Inc.
2019
Rented
Undisclosed
15 Oct 2019 by Joe Tramonte Realty, Inc.

Happy sellers in Galveston

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We have insufficient information to provide an overview of customer satisfaction for Galveston. Viewing the agent profiles, reviews and sales for Galveston can provide insights for this location.

Local market activity for 3 bedroom multi families in Galveston

In the last 12 months, 5 three-bedroom multi families similar to 2/3028 Avenue M, have been sold.

This represents a 29% increase in three-bedroom multi families sales when compared to the previous 12 months.

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