This Multifamily Property is no longer advertised on LoopNet.com.

2702 Avenue K
Galveston, TX 77550
6 units 3 stories 1 unit vacant · Multifamily Property For Sale · 2 Units

Investment Highlights

  • Located 1,000 steps from the Texas Flyer Amusement Park ride.
  • Three-story multifamily investment opportunity in fair condition.
  • Property is located in a flood zone, however it has never has issues when flooding.
  • Currently fully leased with an NOI of $30,911
  • Located in the heart of Galveston's commercial hub.

Property Facts

No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.06 AC
Building Size 5,028 SF
Average Occupancy 84%
No. Stories 3
Year Built/Renovated 1967/2012
Zoning GR

Amenities

Unit Amenities

  • Air Conditioning
  • Disposal

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $850.00 -

Property Taxes

Property Taxes

Parcel Number
3505-0147-0008-003
Land Assessment
$57,700
Improvements Assessment
$641,600
Total Assessment
$699,300
  • Listing ID: 22539142

  • Date on Market: 3/22/2021

  • Last Updated:

  • Address: 2702 Avenue K, Galveston, TX 77550

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