SWC Broadway & 61st St | Galveston, TX 77551
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- LoopNet Team
SWC Broadway & 61st St
Galveston, TX 77551
25% ROI Short Term Rental · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- High-demand infill location
- Listings on AirBnB, VRBO, Expedia, Travelocity, Booking.com and more
- Conservative proforma shows very strong returns
- large 2 bedroom / 1 bath units with ~ $30,000 towards kitchen, furnishings and bath fixtures
- Larger units that sleep 6+, not competing with hotels
- Cash-out refinance early in project
PROPERTY FACTS
| No. Units | 4 | Construction Status | Abandoned |
| Property Type | Multifamily | Building Size | 4,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 4 |
| Lot Size | 1.00 AC | Parking Ratio | 1/1,000 SF |
| Zoning | Commercial | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 1.00 AC |
| Construction Status | Abandoned |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Parking Ratio | 1/1,000 SF |
| Zoning | Commercial |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Pool
- Security System
- Gated
- Breakfast/Coffee Concierge
- Dry Cleaning Service
- Furnished Units Available
- Grill
- Putting Greens
- Wi-Fi
- Car Charging Station
- Community-Wide WiFi
- Elevator
- Grocery Service
- Maintenance on site
- On-Site ATM
- Online Services
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $11,250 | 1,000 |
PROPERTY TAXES
| Parcel Number | 7205-0000-0027-003 | Improvements Assessment | $0 |
| Land Assessment | $1,177,360 | Total Assessment | $1,177,360 |
PROPERTY TAXES
Parcel Number
7205-0000-0027-003
Land Assessment
$1,177,360
Improvements Assessment
$0
Total Assessment
$1,177,360
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