1915 45th Street
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Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset includes seven residential units, and four commercial storefronts with a strong history of long-term tenancy. The property producing income with a pro forma cap rate of about 10%. Even with conservative underwriting including vacancy and repair reserves, the asset performs near a 9% cap rate, making it attractive to both cash-flow investors and leveraged buyers. Multiple income streams provide strong stability, while value-add potential exists through rent optimization & continued property improvements. Several commercial tenants have been in place since 2010, reflecting strong location fundamentals and tenant retention. Rare opportunity to acquire a high-performing coastal Texas mixed-use asset with immediate income and long-term upside.
Detalles de la propiedad
- Tipo de Propiedad
- Multi-Family
- Estado
- Active
- Año de Construcción
- 1970
- Tamaño del Lote
- 0.1377 acres
- Pisos
- 2
- Unidades
- 2
- Condado
- Galveston
- Días en el Mercado
- 4
- MLS #
- 56008413