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The Campus Studios 624 Ball 8 Unit Apartment Building $1,100,000 ($137,500/Unit) 9.30% Cap Rate Galveston, TX 77550
Investment Highlights
- New Building
- Tiled Bathroom and modern fixtures
- Walking distance to Beach
- Washer and Dryer and Stainless Steel Appliances in every Unit
- Walking distance to local Medical Campus
Executive Summary
Discover a Rare Investment Opportunity in Galveston – The Campus Studios
Unlock the potential of this meticulously crafted 8-unit apartment building in Galveston, a city renowned for its historic charm, strong economic vitality, and unparalleled coastal allure. Located just 45 minutes from Houston, Galveston draws over 7 million tourists annually, ensuring a vibrant short- and long-term rental market. With the University of Texas Medical Branch (UTMB) and the bustling Port of Galveston as economic anchors, this property benefits from a consistent influx of professionals and students seeking high-quality housing and is perfectly located just blocks away from the UTMB campus and the beach.
Unlock the potential of this meticulously crafted 8-unit apartment building in Galveston, a city renowned for its historic charm, strong economic vitality, and unparalleled coastal allure. Located just 45 minutes from Houston, Galveston draws over 7 million tourists annually, ensuring a vibrant short- and long-term rental market. With the University of Texas Medical Branch (UTMB) and the bustling Port of Galveston as economic anchors, this property benefits from a consistent influx of professionals and students seeking high-quality housing and is perfectly located just blocks away from the UTMB campus and the beach.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2025) 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 (Pro Forma - 2025) 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 | Apartment Style | Low-Rise |
| Price Per Unit | $137,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 9.30% | Building Size | 2,436 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | ||
| Zoning | UN - Urban Neighborhood | ||
| Price | $1,100,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 9.30% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,436 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | UN - Urban Neighborhood |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Tile Floors
- Kitchen
- Refrigerator
- Tub/Shower
- Wi-Fi
- Freezer
- Smoke Free
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $1,359 | 226 - 305 |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 3505-0306-0013-002 | Improvements Assessment | $226,560 |
| Land Assessment | $136,920 | Total Assessment | $363,480 |
Property Taxes
Parcel Number
3505-0306-0013-002
Land Assessment
$136,920
Improvements Assessment
$226,560
Total Assessment
$363,480
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Presented by
Tohme Capital LLC
The Campus Studios | 624 Ball
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