3705 WINNIE, GALVESTON, TX 77550

Homes for sale in Galveston.

Homes for sale in 77550.


Active

List Price$750,000

3705 Winnie

Galveston, TX 77550

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

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

Walk Score

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