I just listed a great little 10 plex with 8 two bedroom and 2 one bedroom units. The little complex is always 100% rented with a waiting list and is just a few blocks to the beach. Features include plenty of parking, laundry facility, and gazebo with table. Most of the units have been updated and the two buildings have a new roof and brick front wall. All appliances stay with the apartments, and the income is GREAT! The units bring in over 76,000 a year with only 30,000 in expenses. The income per year will be over 46,000 after expenses. This great complex has room for rent increases and potential for the utility expenses to go down. Call Jason Keeling for more info at 409-750-2222

 
Post is included in group: Texas Real Estate

7 Comments on Galveston Apartment complex for sale: $429,000

APR
06
2008

I have an investor I will send this to tomorrow. 

7:42pm • #1
MAY
20
2008

new lower price: $475,000

12:17pm • #2
JUN
30
2008

reduced to 459,000

10:09am • #4
OCT
09
2008

Hello, is this property still available? I could possibly be interested. Thanks

Deena 3rd Coast Investments, LLC
11:39am • #5
OCT
16
2008

yes it is... and it was not flooded by IKE!! let me know how I can help....

12:19pm • #6
MAY
29

I am an investor and actively seeking to ad to my portfolio.  Is the owner willing to carry? What terms can the onwer accomodate? what is the Market analysis say about the value? 

Thank you

 

Wm David Johnson
6:07pm • #7
JUN
09

depends on the offer. Feel free to bring an offer... I think it is priced right... I had to work to get the owner down some, but its a nice place

7:10pm • #8

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Jason Keeling

Galveston, TX

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Ryson Real Estate

Office Phone: (409) 515-1446

Cell Phone: (409) 750-2222

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