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$420,000

NAL Estimated Property Value

2116 Church Street 2A, Galveston, TX, 77550

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths928 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$323.17 / sqft
Year BuiltBuilt in 1917

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer, Oven
FlooringTile, Wood

Exterior

Lot Size1,642 sqft

Building Information

Year Built1917
Stories1
Roof Type172

Land Information

APN3508-0000-0002-100
SubdivisionGalveston Electric Co Lofts (2006) Abst
Land UseResidential
Legal DescriptionGALVESTON ELECTRIC CO LOFTS (2006) ABST 628 UNIT 2A & 10.7447% INT IN COMMON ELEMENTS
Census Tract724500
Assessed Land Value$15,960
Assessed Improvement Value$237,600
Assessment Year2025

About this property

This one bedroom one bathroom loft is located in the old Galveston Electric Company (GEC) building in the historic Strand area (Downtown Galveston). The loft features high ceilings, beautiful hardwood floors, great natural light from several tall windows, window treatments, and has been freshly painted. The kitchen features stainless steel appliances, nice cabinetry with under mount lighting, granite countertops, and is open to the living space. Additionally, the stackable washer/dryer are included in the sale, a pristine bathroom with granite and period style tile flooring, there is recessed, sconce, and other lighting, a modern style ceiling fan in the bedroom, and an easily accessible closet. This fantastic location is within walking distance to many restaurants, art galleries, coffee shops, shopping, and more. There is an automatic drive gate as well as a coded walk gate, and the loft will be conveyed with two assigned parking spaces (19 & 20).

Investor Tools

Property Icon
$420,000
Estimated Property Value
$265,157Estimated Mortgage Balance
$154,843Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$552/month
$690/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,518
$253,560
2025
$15,960
$237,600
$253,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,518
$253,560

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Robert Morris
Seller Carryback / Seller Financing / Seller Take-Back
$269,910
No
First
May 22, 2025
Jun 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$265,157
$154,843
36%
63%
$1,619/mo

City: Galveston

2116 Church Street 2A | Property Details | No Agent List