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$295,000

NAL Estimated Property Value

2928 Avenue M 1/2 down, Galveston, TX, 77550

Off MarketInfo
Beds4 Beds
Baths1 Bath
Baths1,100 Sq Ft
DuplexDuplex
price_per_sqft$268.18 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market List

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 1Bathrooms 1
AppliancesRange, Refrigerator
FlooringCarpet, Laminate, Carpets

Exterior

Exterior FeaturesBalcony

About this property

Bring your vision and unlock the potential of this two-story duplex that is full of character and solid bones. This property is ready for someone to restore it to its full potential. Features two spacious units: a 3-bedroom, 1-bath downstairs and a 4-bedroom, 1-bath upstairs. The downstairs unit is currently tenant-occupied, providing immediate rental income, while the upstairs unit was previously leased by the same tenant for nearly 10 years, highlighting its strong history as a long-term rental. While the property could benefit from some TLC, the major systems are functioning, making it an excellent opportunity for an owner looking to add value without starting from scratch. Continue operating as a long-term rental, explore the potential for str, or create a multi-generational property. Tucked away on a quiet street, this home did not flood during Hurricane Ike and has been lovingly held by one family throughout its history. Now it's ready for its next chapter.

Investor Tools

Property Icon
$295,000
Estimated Property Value
$0Estimated Mortgage Balance
$295,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

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

City: Galveston

2928 Avenue M 1/2 down | Property Details | No Agent List