5015 Avenue M, Galveston, TX 77551

2,859 Sqft. ($143/Sqft.)

5,996 Lot Sqft

Multi-Family - Triplex

3 Day(s) on Market

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Description

Welcome to 5015 Avenue M, a strategically located triplex offering an exceptional opportunity for investors seeking steady rental income in the heart of Galveston, TX. This property consists of three separate units, each uniquely designed to maximize comfort and functionality while ensuring a lucrative return on investment. Unit one (the front main house) consists of four bedrooms and two bathrooms, central AC, storm shutters, and vinyl flooring. Units two and three in the back of the property include two bedrooms and one bathroom, recently renovated with updated kitchens and bathrooms with vinyl flooring. Consistently high occupancy rates with long-term tenants. Current rental income of $4518 total per month, with potential for rent increases in line with market trends. Whether you're a seasoned investor looking to expand your portfolio or a newcomer to real estate investment, this triplex represents a rare opportunity to acquire a turnkey property with immediate income potential!!

MLS#

54773632

List Price

$409,990 ($143/Sqft.)

Listing Status

For Sale

Address

5015 Avenue M

City

Galveston

State

Zip Code

77551

County

Galveston County

Subdivision

Denver Resurvey (View subdivision price trend)

Legal Description

ABST 628 M B MENARD SUR LOTS 6 & 7 BLK 42 DENVER RESURVEY

Property Type

Multi-Family - Triplex

Stories

Building Size

2,859 Sqft/Seller

Year Built

1953 /Appraisal District

Lot Size

5,996 Sqft./Appraisal District

Key Map©

774T

Market Area

Midtown - Galveston

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PRESENTED BY

Cynthia Munoz Platinum

4.99 / 5 (80 surveys)

M5 Realty Company

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Exterior

Roof

Composition

Interior

Cooling

Central Gas, Window Units

Heating

Central Electric, Window Unit

Rooms

2 Bdr #

Lot information

Lot Size

5,996 Sqft. /Appraisal District

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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Additional information

List Type

Exclusive Right to Sell/Lease

Buyer Agent Compensation*

2.5%

Sub Agent Compensation*

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Financial

Other Fees

Maintenance Fee

Taxes w/o Exemp

$8,840/2023

Tax Rate

1.7477

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Down Payment Assistance

This property may be eligible for 20 programs and up to $19,474 in down payment assistance. See More →

Mortgage

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Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.