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$459,000

NAL Estimated Property Value

3228 Avenue P 1/2, Galveston, TX, 77550

Off MarketInfo
CommercialInfo
Beds— Beds
Baths2 Bath
Baths1,598 Sq Ft
price_per_sqft$318.52 / sqft
Year BuiltBuilt in 1893

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
AppliancesMicrowave, Dishwasher
FlooringTile, Wood, Hardwood

Exterior

Exterior FeaturesPrivate Entrance
Lot Size3,337 sqft

Building Information

Year Built1955
Stories1
Roof Type112

Land Information

APN3510-0088-0014-000
SubdivisionGalveston Outlots
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR TR 14RS (14-0) NW BLK 88 GALVESTON OUTLOTS REPLAT
Census Tract724900
Assessed Land Value$70,000
Assessed Improvement Value$297,970
Assessment Year2025

About this property

Move in ready! Freshly painted & updated this duplex is a great investment! Completely turnkey down to the silverware in the kitchen! Seller lives in Unit A, a 2/2 & uses Unit B as STR. Lovely front porch, front yard contains a patio for unit B along w/ a great storage area for beach toys. Unit A has back yard & back porch. Garage is shared w/ tons of storage and shared outdoor shower. Historic charm abounds in both units that compliments all the modern amenities. Unit B is a 1/1.5 with a sleeping area in living room. There is also plenty of room in attic space to finish out a loft. Most of the furniture and furnishings convey in unit A. Everything in Unit B conveys except 3 small paintings in bath. Built in 1893. There are 5 cameras that stay with the house and the brand is blink. All appliances convey. Coerner lot off street parking and income potential!

Investor Tools

Property Icon
$459,000
Estimated Property Value
$395,571Estimated Mortgage Balance
$63,429Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,054 /month
Positive
Cash Flow Estimate:
$1,018 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$727/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,426
$367,970
2025
$70,000
$297,970
$367,970
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,426
$367,970

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$414,375
No
First
Nov 27, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$395,571
$33,429
7%
86%
$2,485/mo

City: Galveston

3228 Avenue P 1/2 | Property Details | No Agent List