3705 WINNIE, GALVESTON, TX 77550
Homes for sale in Galveston.
Homes for sale in 77550.
List Price$750,000
3705 Winnie
Galveston, TX 77550
Listing #54271658
7 full
Bathrooms
5,588
Square Feet
9
Number of Units
Multi-Unit Residential
Type
About This Property
Offered below recent appraisal, this well-located 9-unit multifamily property presents an exceptional investment opportunity on Galveston Island. The property is 100% occupied and offers immediate upside through rent escalations and optimization. Unit mix includes seven individual, free-standing 2-bedroom/1-bath structures plus one elevated duplex. All 7 units are situated on one parcel, and the duplex is located on the adjoining parcel. Providing strong income potential and long-term stability, this complex is ideally positioned on the north side of the Island, just 2 blocks from the major thoroughfare of Broadway Avenue, and 3 blocks from Harborside Drive. The Port of Galveston and the Texas A&M - Galveston campus are also conveniently nearby. Ample off-street parking is a rare Island amenity that further enhances tenant appeal. Pro-forma cap rate reflects management and vacancy/loss assumptions. Estate sale and court approval required. Proof of funds required before initial showing.
Property Features
Location Information
County
Galveston
Longitude
-94.792591
MLS Area
Downtown - Galveston/The Strand
Subdivision
Galveston Townsite
Latitude
29.305741
Directions
From Broadway, take 37th Street towards the Ship Channel - complex on corner of Wiinie and 37th Street.
Interior Features
Total Number of Units
9
Exterior Features
Stories
1
Lot Size in Sq. Ft.
15,479
Is New Construction
No
Is One Story
Yes
Lot Size in Acres
0
School
School District
Galveston
Middle School
GISD OPEN ENROLL
Elementary School
GISD OPEN ENROLL
High School
BALL HIGH SCHOOL
Additional Information
Property Type
RI
Year Built
1950
Property SubType
Detached
Status
Active
Similar Listings
Mortgage Calculator
$3,502
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,702
Monthly Tax
$625
Monthly Insurance
$175
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
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