Turnkey 5 plex in Galveston, TX - $430k

[Belinda Lopez]

2914 Ave K, Galveston, TX 77550

Sales price: $430k

ARV: $525k

Repairs: none

5 units with a nice mix of long-term renters and 1 vacation rental. Plenty of room to improve the cashflow on this property. All units now rented with no repairs needed.

Turnkey property with a large 4-1 house, a 1-1, two 2-1's, and 1 studio vacation rental. House rent = $1700, 1 Br = $750, 2-1's = $800 and studio averages 500-700/month. Currently at 7.5% cap rate but can easily be managed to a 10% or more ROI.

https://photos.app.goo.gl/tuQ5RTu1WK9olccB2

Call 409-209-2747 for more info.