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Oasis Apartments 610 Ferry Rd 32 Unit Apartment Building $2,999,999 ($93,750/Unit) Galveston, TX 77550
INVESTMENT HIGHLIGHTS
- Courtyard
EXECUTIVE SUMMARY
Amazing opportunity to acquire 32 turnkey apartments in the heart of Galveston! The property has been well maintained and has an on-site maintenance man. Rents are under market with plenty of opportunity to raise the rents over time. 7 tenants are section 8. Over the last 3 years the owner has fully/partially remodeled 22 of the units (flooring, paint, countertops, appliances). Over 15 central HVAC's have also been replaced.
Wrap owner finance or assumption is also available (upon qualification)
Wrap owner finance or assumption is also available (upon qualification)
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,999,999 | Building Class | C |
| Price Per Unit | $93,750 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 25,086 SF |
| No. Units | 32 | Average Occupancy | 91% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1955/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 1.2/1,000 SF |
| Zoning | MF1 | ||
| Price | $2,999,999 |
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 25,086 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built/Renovated | 1955/2022 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | MF1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Gated
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 588 - 600 |
| 2+1 | 22 | - | 698 - 810 |
| 3+1 | 4 | - | 998 |
PROPERTY TAXES
| Parcel Number | 0628-0042-0000-000 | Total Assessment | $1,989,700 (2025) |
| Land Assessment | $510,430 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,479,270 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0628-0042-0000-000
Land Assessment
$510,430 (2025)
Improvements Assessment
$1,479,270 (2025)
Total Assessment
$1,989,700 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Oasis Apartments | 610 Ferry Rd
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