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4725 Avenue R 1/2 4 Unit Apartment Building $350,000 ($87,500/Unit) 6.50% Cap Rate Galveston, TX 77551
Investment Highlights
- Located minutes away from the beach
- Quadplex
Executive Summary
This very well maintained apartment building located in Galveston, Texas is just walking distance from the beach. it houses 4 tastefully designed unites. It is close to every thing the Island has to offer but far enough off the major roads to be nice and quiet. The main house has three units and one unit over the garage. it has three, one bedroom units with a bath, kitchen and den. One, two bed room unit with a large kitchen and dining area.. It is fully occupied. Nice back balcony. 100% occupied. Great investment opportunity.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$38,400
|
$15.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$38,400
|
$15.02
|
| Taxes |
$5,000
|
$1.96
|
| Operating Expenses |
$3,200
|
$1.25
|
| Total Expenses |
$8,200
|
$3.21
|
| Net Operating Income |
$30,200
|
$11.82
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $38,400 |
| Annual Per SF | $15.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $38,400 |
| Annual Per SF | $15.02 |
| Taxes | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $1.96 |
| Operating Expenses | |
|---|---|
| Annual | $3,200 |
| Annual Per SF | $1.25 |
| Total Expenses | |
|---|---|
| Annual | $8,200 |
| Annual Per SF | $3.21 |
| Net Operating Income | |
|---|---|
| Annual | $30,200 |
| Annual Per SF | $11.82 |
Property Facts
| Price | $350,000 | Building Class | C |
| Price Per Unit | $87,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 2,556 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| No. Units | 4 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 1.56/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | GR | ||
| Price | $350,000 |
| Price Per Unit | $87,500 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,556 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 1.56/1,000 SF |
| Zoning | GR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $800.00 | 2,550 |
1 1
Property Taxes
| Parcel Number | 3888-0000-0010-000 | Total Assessment | $317,654 (2025) |
| Land Assessment | $83,740 (2025) | Annual Taxes | $5,000 ($1.96/SF) |
| Improvements Assessment | $233,914 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
3888-0000-0010-000
Land Assessment
$83,740 (2025)
Improvements Assessment
$233,914 (2025)
Total Assessment
$317,654 (2025)
Annual Taxes
$5,000 ($1.96/SF)
Tax Year
2024
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4725 Avenue R 1/2
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