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947 Barkley St - Aria Palms 30 Unit Apartment Building Offered at $4,200,000 Gilchrist, TX 77617
INVESTMENT HIGHLIGHTS
- Beach Front
- RV Hookups, Pool, and Recreational areas
- Short Term and Long Term Rental
EXECUTIVE SUMMARY
Aria Palms: A Unique Beachfront Boutique Hotel or Airbnb Opportunity
Aria Palms offers a rare chance to own a boutique hotel or Airbnb along the stunning beachfront
of Texas’ Bolivar Peninsula, merging high demand leisure tourism with considerable value-add potential.
Key Details:
Property Size: 30 keys (20 Ocean View Suites
and 10 Regular Suites), Year Built: 2016 & Year
Renovated: 2025, Lot Size:2.15 acres with direct Gulf access
Market Potential:
This property targets Houston’s 7.3 million metro population and attracts 8 million annual visitors to Galveston. With a proven 10-yearproforma indicating a 32% unlevered IRR and an exit value exceeding $15 million, the asset capitalizes on seasonal pricing premiums, cruise traffic, and the potential for attic conversion. Additionally, it features six RV spaces and covered parking for added convenience.
Aria Palms offers a rare chance to own a boutique hotel or Airbnb along the stunning beachfront
of Texas’ Bolivar Peninsula, merging high demand leisure tourism with considerable value-add potential.
Key Details:
Property Size: 30 keys (20 Ocean View Suites
and 10 Regular Suites), Year Built: 2016 & Year
Renovated: 2025, Lot Size:2.15 acres with direct Gulf access
Market Potential:
This property targets Houston’s 7.3 million metro population and attracts 8 million annual visitors to Galveston. With a proven 10-yearproforma indicating a 32% unlevered IRR and an exit value exceeding $15 million, the asset capitalizes on seasonal pricing premiums, cruise traffic, and the potential for attic conversion. Additionally, it features six RV spaces and covered parking for added convenience.
PROPERTY FACTS
| Price | $4,200,000 | Apartment Style | Garden |
| Price Per Unit | $140,000 | Lot Size | 2.15 AC |
| Sale Type | Investment | Building Size | 11,012 SF |
| No. Units | 30 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 2016/2025 |
| Price | $4,200,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 2.15 AC |
| Building Size | 11,012 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2016/2025 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Ceiling Fans
- Granite Countertops
- Views
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Pool
- Property Manager on Site
- Furnished Units Available
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PROPERTY TAXES
| Parcel Number | 2118-0000-0005-001 | Improvements Assessment | $4,324,720 |
| Land Assessment | $641,560 | Total Assessment | $4,966,280 |
PROPERTY TAXES
Parcel Number
2118-0000-0005-001
Land Assessment
$641,560
Improvements Assessment
$4,324,720
Total Assessment
$4,966,280
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947 Barkley St - Aria Palms
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