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$516,510

NAL Estimated Property Value

1119 Broadway St, Galveston, TX, 77550

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,120 Sq Ft
price_per_sqft$188.68 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
HeatingHeating

Exterior

Lot Size4,116 sqft

Building Information

Year Built1955
Stories2
Roof Type105

Land Information

APN3505-0131-0003-001
Lot Number3
SubdivisionGalveston Townsite
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR E 34-3 FT OF LOT 3 (3-1) BLK 131 GALVESTON
Census Tract724400
Assessed Land Value$208,480
Assessed Improvement Value$308,030
Assessment Year2025

About this property

Excellent investment opportunity in the heart of Galveston! This Broadway duplex, ideally situated near UTMB, the beach and downtown in the historic East End District, offers flexibility and potential. The lower unit features 2 bedrooms, 1.5 baths, hardwood and tile floors, a utility room with washer/dryer hookups, and window units. Some finishing work in the kitchen and bath is needed to complete this space. The upper unit is tenant occupied and fully furnished, featuring 2 bedrooms, 2 baths, recently replaced stacked washer and dryer, on-demand water heater, and central air/heat (condenser only), with an abundance of natural light. Separate electric and gas meters, with a shared water meter. The property includes two off-street parking spaces accessed via the back alley. The downstairs unit is vacant and ready for finishing touches, while the upstairs tenant-occupied unit is generating immediate rental income. Don’t miss out on this versatile investment in a prime Galveston location!

Investor Tools

Property Icon
$516,510
Estimated Property Value
$569,446Estimated Mortgage Balance
$516,510Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,099 /month
Positive
Cash Flow Estimate:
$1,033 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$359/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,728
$516,510
2025
$208,480
$308,030
$516,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,728
$516,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fidelis Equity And Real Estate Fund A Ll
Stand Alone Second / Subordinate Position
$296,782
No
First
Feb 16, 2024
Jun 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$569,446
N/A
0%
110%
$3,560/mo

City: Galveston

1119 Broadway St | Property Details | No Agent List