8-unit OFF MARKET in Galveston, TX

[Donna Hunter]

I am currently wholesaling an 8-unit, 2bed/1bath property in Galveston, TX.

100% occupied, long term tenants, all brick exterior.

GREAT income producing property, near beaches, Historic Galveston, The Strand and The Pleasure Pier.

Current cap rate 10% with a cash on cash return of 20%. And that’s with rents below market average. But with repositioning (light rehab and raising rents to market level) cap rate is 11.76% with a 25.99% cash on cash return.

Asking $305K (+ Assignment Fee $15K).

Serious inquiries only please. A signed NCND is required to review complete information/ investor brochure.

For more information:Call 832-422-5717 or [email protected]