Courtesy of: Hudson Holmes, Joe Tramonte Realty, Inc., hudson@tramonterealty.com
Courtesy of: Hudson Holmes, Joe Tramonte Realty, Inc., hudson@tramonterealty.com
$600,000
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Single Family Attached
|
$600,000
1908 33rd Street Offered below recent appraisal, this well-located 6-unit multifamily property presents an exceptional investment opportunity in Midtown Galveston. The property is 100% occupied with month-to-month leases, currently below market, offering immediate upside through rent optimization. Unit mix includes four 3-bedroom/1-bath units and two 2-bedroom/1-bath units, providing strong income potential and long-term stability. Ideally positioned on two major Island thoroughfares—Bernardo de Galvez & 33rd St, the property is centrally located just minutes from Seawall, Strand, UTMB, dining, shopping, & entertainment. Recent capital improvements include a roof replacement within the last three years and updated HVAC systems and components over the past several years. Ample off-street parking, 1 space per resident, further enhances tenant appeal. Pro-forma cap rate reflects management and vacancy/loss assumptions. Estate sale, court approval required. Proof of funds required prior to initial showing.
Courtesy of: Hudson Holmes, Joe Tramonte Realty, Inc., hudson@tramonterealty.com
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