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609 Sealy 609 Sealy St 7 Unit Apartment Building $1,100,000 ($157,143/Unit) 7.70% Cap Rate Galveston, TX 77550
INVESTMENT HIGHLIGHTS
- full rehabbed in 2024
- new appliances
- No Flood zone
EXECUTIVE SUMMARY
609 Sealy Apartments – Prime Investment Opportunity
609 Sealy offers a rare investment opportunity in Galveston with two detached 2-bedroom, 1-bath homes plus a separate building with four apartments. The crown jewel is the top-floor 2-bedroom, 2-bath unit featuring luxury finishes and a private rooftop terrace with breathtaking ocean views.
All apartments include modern finishes and in-unit washers and dryers, making them highly attractive to renters.
Located outside the flood zone and just minutes from UTMB, the beach, and downtown, this property combines strong rental potential with long-term value. Its prime location and unique mix of units make 609 Sealy an exceptional opportunity for both cash flow and appreciation.
609 Sealy offers a rare investment opportunity in Galveston with two detached 2-bedroom, 1-bath homes plus a separate building with four apartments. The crown jewel is the top-floor 2-bedroom, 2-bath unit featuring luxury finishes and a private rooftop terrace with breathtaking ocean views.
All apartments include modern finishes and in-unit washers and dryers, making them highly attractive to renters.
Located outside the flood zone and just minutes from UTMB, the beach, and downtown, this property combines strong rental potential with long-term value. Its prime location and unique mix of units make 609 Sealy an exceptional opportunity for both cash flow and appreciation.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,100,000 | Property Subtype | Apartment |
| Price Per Unit | $157,143 | Building Class | B |
| Sale Type | Investment | Building Size | 2,923 SF |
| Cap Rate | 7.70% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1970/2024 |
| Price | $1,100,000 |
| Price Per Unit | $157,143 |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 2,923 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2024 |
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (72)
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Presented by
Tohme Capital LLC
609 Sealy | 609 Sealy St
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