Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire a newly renovated 14-unit apartment complex, located just a few blocks from Galveston Beach. This property features 14 units, including two one-bedroom, one-bathroom apartments and twelve two-bedroom, one-bathroom units. Its prime location near the beach makes it an excellent option for both long-term and short-term rental opportunities. Each unit has been recently updated with modern finishes, including stainless steel appliances. These appliances include a refrigerator, stove, and microwave. Additionally, every unit is equipped with washer and dryer hookups, providing the potential to increase rental income by adding washer and dryer's inside the units. The entire complex is individually metered for electricity, so the owner only covers the cost of electricity for common areas and water. In summary, this newly renovated asset offers an outstanding opportunity to acquire a well-positioned property in the heart of Galveston, perfectly suited for either long-term rentals or vacation rentals.